Good morning.
The Fast Five → Trump extends Iran ceasefire, Warsh still has no clear path to confirmation after Senate hearing, Japan’s Nikkei 225 rises to record high, Adobe announces $25B stock buyback, and Amazon launches GLP-1 weight loss program…
📌 Larry Benedict — the hedge fund legend who beat the S&P 500 by 18 times in 2025 and made his clients $95 million during the 2008 crisis — says Trump's installation of a new Federal Reserve chair is triggering the most significant shift in U.S. markets in nearly 20 years. He has already identified the one ticker he believes will be at the center of the money flows — and he's revealing it right here (at no cost). Go here to see the details…
(from Brownstone Research)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Unemployment Claims, 8:30A
Flash Manufacturing PMI, 9:45A
Flash Services PMI, 9:45A
Your 5-minute briefing for Wednesday, Apr 22:
BEFORE THE OPEN
As of market close 4/21/2026.
Pre-Market:
US Investor % Bullish Sentiment:
↓ 31.73% for Week of APR 16 2026
Previous week: 35.75%
Market Wrap:
Futures slightly higher Dow +70, S&P +0.1%, Nasdaq +0.2%
Monday dipped S&P -0.24%, Nasdaq -0.26%, Dow flat
Nasdaq snapped 13-day winning streak
Tensions rose after US seized Iranian cargo ship
Ceasefire set to expire this week
Bullish outlook persists with S&P target ~7,300
Earnings Tuesday, retail sales and Warsh hearing
EARNINGS
Here’s what we’re watching this week:
Today: *AT&T $T ( ▼ 2.84% ), *Boeing $BA ( ▲ 2.9% ), IBM $IBM ( ▼ 0.31% ), Southwest Air $LUV ( ▼ 3.25% )
Tesla $TSLA ( ▲ 1.0% ) - $.36 EPS (+33.3% YoY) on $22.3B revenue (+15.5% YoY)
THU: *American Airlines $AAL ( ▼ 1.44% ), *Blackstone $BX ( ▲ 1.44% )
Intel $INTC ( ▼ 0.12% ) - $.13 EPS on $12.4B revenue (-2.4% YoY)
FRI: Procter & Gamble $PG ( ▲ 0.42% )
He Went 11-for-11 During the Last Fed Shock. Another One is About to Hit.
In 2022, when the Federal Reserve made its most dramatic pivot in history and the S&P lost nearly 20%, Larry Benedict didn't lose a single trade.
He knew where the money was going and positioned his readers to profit.
Trump is now installing his own Fed Chair, something Wall Street is already calling a generational shift.
Larry says his readers will be ready for it.
- a sponsored message from Brownstone Research -
HEADLINES
Trump said he made the move, just hours before the current ceasefire was to expire, at Pakistan’s request as he waits for a “unified proposal” from Iran.
The Main Streeters are sanguine, while the money men are sounding alarms.
Stocks close down with US-Iran talks on hold (more)
Warsh still has no clear path to confirmation after Senate hearing (more)
Trump’s Fed pick vows central bank independence (more)
Japan’s Nikkei 225 rises to record high as Trump extends Iran ceasefire (more)
Trump surprised by stock market comeback amid Iran conflict, thought Dow would be down 20% (more)
Oil traders warn of recession impact as Hormuz hits demand (more)
Trump: ‘I’ll remember’ companies that don’t seek tariff refunds (more)
US retail sales surge by most in a year as spending extends beyond gas (more)
Oil prices give up some gains on US-Iran truce extension (more)
US states flex their antitrust muscles (more)
SpaceX says it has has option to acquire startup Cursor for $60 billion (more)
Amazon launches GLP-1 weight loss program, promising ‘fast, convenient’ access (more)
UPS and FedEx have begun filing for some tariff refunds (more)
Starbucks workers are resisting,moving to its New $100M Nashville hub (more)
DEALFLOW
M+A | Investments
Bioxtreme receives strategic investment from Serra Holding
Guide Architecture receives investment from Grovecourt Capital Partners
VC
Blue Energy, a developer of financeable, prefabricated nuclear power plants, raised $380M in funding
Reliable Robotics, a provider of autonomous aircraft systems, raised $160M in new funding
Ray Therapeutics, a biopharma company developing vision restoration therapies, raised $125M in Series B funding
Tortugas Neuroscience, a neurology-focused biotech company developing novel medicines, raised $106M in Series A funding
AcuityMD, an AI platform for MedTech, raised $80M in Series C funding
Tava Health, a company specializing in technology-driven mental health services, raised $40M in Series C funding
Humble, a provider of autonomous, electric haulers, raised $24M in Seed funding
Ideally, an AI-powered market research platform, raised $10M in Series A funding
Qualitate, an AI platform developing an AI moderator service serving for primary research workflows, raised $7M in Seed funding
RIIG Technology, Inc, a healthcare insurance platform, raised $6M+ in Series A funding
Deep Blue Medical, a surgical device company, raised $5.6M in Series A funding
SpartanX, an AI-native offensive security company, raised an undisclosed amount in Seed funding
CRYPTO
A Massive Fed Surprise Is Coming May 15 (more)
Strategy overtakes BlackRock IBIT in bitcoin holdings after bear market buying (more)
Justin Sun sues Trump-backed World Liberty Financial over token rights (more)
Kalshi takes on Coinbase, Robinhood with new plan to offer crypto perpetual futures (more)
Hackers behind $300M crypto theft now racing to launder loot (more)
BULLISH BITES
💰 7 big challenges for new Apple CEO John Ternus.
⛽️ The AI boom's hidden cost: a bigger trade deficit.
📊 Apprenticeships in the age of AI.
🔌 DiCaprio’s Manhattan penthouse in The Wolf of Wall Street is on the market for $5M.
DAILY SHARES
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