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=E2=80=A6and ethereum=E2=80=99s on = the spot
 
=
Rush-hou= r veterans (Mario Tama/Getty Images)
 
Sponsored by
Dow Jones
39,671 (-0.51%)S&P 500
5,307 (-0.= 27%)Nasdaq
16,802= (-0.18%)= Bitco= in
$69,450 (-0.99%)
Dow Jones
39,671 (= -0.51%)		S&P 500
5,= 307 (-0.27%)
Nasdaq
16,802 (-0.18%)		Bitcoin
$69,450 (-0.= 99%)
<= /table>

<= b>Hey Snackers,

If you want your snail mail to smell like a Paris= ian bakery, you can buy the French post office=E2=80=99s new scratch-=E2=80= =99n=E2=80=99-sniff baguette stamp. Soun= ds like an =E2=80=9CEmily in Paris=E2=80=9D marketing campaign.

Stock= s dipped and the Dow had its worst session of the m= onth after Fed meeting minutes suggested officials saw a lack of progress i= n taming inflation. Some even discussed the possibility of hiking interest = rates again if inflation doesn=E2=80=99t fall closer to the Fed=E2=80=99s g= oal.

CLUNK
<= /table>

US cars are older than ever as driving= costs leave savings tanks on empty

This = weekend, expect traffic=E2=80=A6 and lots of Dodge Calibers. As an esti= mated 38M drivers take to the open road over Memorial Day weekend, the cars= they=E2=80=99ll be driving are older than ever. The average age of US cars= , trucks, and SUVs hit 12.6 years, new data said. Pandemic supply snags and chip = shortages led to rising average vehicle ages in recent years. But this year= analysts attribute the bump to higher car prices, insurance premiums, and = auto-loan rates.

  • Vintage is in: The average price to drive a new car off= the lot was $48.5K last month, up 21% from April 2021. That=E2=80=99s maki= ng potential new car buyers think twice.

  • Wheel deals: Lower-cost models drove Toyota=E2=80= =99s 20% US sales spike in Q1, and an 82% surge in sales of cheaper trucks = boosted Ford=E2=80=99s #s.

  • =

    Fixer-uppers: Older cars on the road =3D good business for repair= shops as maintenance costs rise. O=E2=80=99Reilly last month report= ed 7% year-over-year revenue growth, and this week AutoZone beat est= imates, opening 30+ new US stores last quarter.

Runnin= =E2=80=99 on fumes=E2=80=A6 Owning a car is pricier than ever. AAA said= the average annual cost of having a new car hit $12.2K last year, or 16% o= f the median US household income. US auto-insurance rates spiked 22% last m= onth from a year ago (the highest jump in nearly a half century), and repai= r costs rose almost 8%. At the same time, automakers are getting rid of mor= e-affordable sedans. GM said it's scrapping the Chevy Malibu and Subaru plans= to sunset its Legacy.

THE TAKEAWAY

= Cars are slowing Americans down=E2=80=A6 They drive more than citizens = of any other country. As car costs pile up, folks are finding it harder to = save. In March, the personal savings rate fell to 3.2% (the long-term avera= ge is more than 8%). Higher driving costs may be one reason consumer sentim= ent fell to a six-month low (something you may gather from chats around the= BBQ this weekend).

Sponsored by GraniteShares
=

The long and short of it=E2=80=A6

When it comes to Nvidia, investors are divided.

Some back= the stock=E2=80=99s unparalleled price growth, while others chalk i= t up to overvaluation.

Concentrated daily exposure to the moves of= an individual stock can potentially yield investment returns. So if yo= u're firmly on either side of the fence, you might want to leve= rage the probable stock price moves flowing from Nvidia=E2=80=99s earnin= gs announcement.

GraniteShares=E2=80=99 suite of Short and= Leveraged single stock ETFs* give high-conviction investors a way to do ju= st that.=C2=A0

Accessible throu= gh a traditional brokerage account, these two ETFs magnify exposure to N= VDA=E2=80=99s price moves in a single trade =E2=80=94 with no margin ca= lls.*=C2=A0

Go long or short on NVDA with GraniteShares Sing= le Stock ETFs.**

*An investment in these ETFs involve sign= ificant risks. Click each fund for more information.

<= /table>

CRYPT= -OH
<= /table>

Prediction markets= flip toward spot ether ETF approvals as the SEC=E2=80=99s deadline looms

Wanna bet=E2=80=A6 Crypto-prediction m= arkets strapped in for a roller coaster ride this week. On Polymarket the odds that the SEC will approve a spot ethereum ETF this month = soared earlier this week to nearly 75%, up from 10% on Monday. Those bettin= g their crypto on the decentralized platform won=E2=80=99t have to hold the= ir breath: the SEC is facing two deadlines =E2=80=94 one today and one tomo= rrow =E2=80=94 to either approve or deny spot ether ETF applications from <= b>VanEck and Ark Invest/21Shares.

  • Analy$ts: The odds about-fa= ce followed reports that the regulator had asked asset managers to u= pdate official ETF-related filings. Analysts saw this as a bullish sign.

  • Into the ether: The price = of ethereum spiked nearly 20% Monday on the news, with one analyst predicti= ng spot ether ETFs could pull in up to $45B in the first year.

  • Round two: The SEC approved spot = bitcoin ETFs in January. The funds pulled in billions in investments an= d helped push the price of BTC to an all-time high of $73K+.

  • Bit different: Some experts say that e= thereum=E2=80=99s proof-of-stake nature might be a = sticking point for regulators (bitcoin uses proof of work).

Feelin=E2=80=99 on the spot=E2=80=A6 If the SEC does approve spot e= ther ETFs, analysts say it=E2=80=99d represent a 180 for the crypto-skeptic= al regulator. Shifting political winds may=E2=80=99ve played a role. Just y= esterday the House passed an industry-supported bill that would create a fr= amework for digital assets. And while President Biden said he opposed the b= ill, he didn=E2=80=99t threaten a veto should it reach his desk. Plus, last= week the Senate passed a pro-crypto measure viewed as a rebuke to the SEC= =E2=80=99s approach to crypto regs.

THE TAKEAWAY

Politics push policy=E2=80=A6 The politics of crypto h= ave evolved since the height of crypto winter. There=E2=80=99s now bipartis= an support for crypto legislation, and pro-crypto PACs reportedly plan to s= pend $100M ahead of the upcoming US congressional elections in support of c= rypto-friendly candidates. The SEC=E2=80=99s decision could show whe= ther it=E2=80=99s leaning into the shift.

Darli= n
<= /table>

The pandemic darlings: where are they now?

We checked in on the share prices of six Covid-era w= inners, and each is down from its pandemic pea= k.

See why the new normal hasn=E2=80=99t stuck= .

<= /table>
What else we're Snackin'

    Envy-dia: <= b>Nvidia had a chipper earnings beat, reporting that its quarterly reve= nue more than tripled from a year earlier. The AI chip champ, whose shares = hit nearly $1K yesterday, announced a 10-to-1 stock split.

  • Tarjay: Target missed the bull=E2=80=99s-eye, with same-store sales = dipping for a fourth straight quarter as consumers cut back on discretionar= y items like home decor and essentials like groceries.

  • Co= iny: Former President Trump=E2=80=99s campaign said it= =E2=80=99ll accept crypto donations in an appeal to blockchain stans. Past = nominees have accepted bitcoin, but Trump, who said he=E2=80=99s building a= =E2=80=9Ccrypto army,=E2=80=9D will allow a host of coins (including meme = coins).

  • L8er: Regulators are about to hold BNPL =E2=80=9Cpay in four=E2=80= =9D installment plans to some of the same standards as credit cards to prot= ect consumers facing fees and ballooning debt. Klarna said BNPL shou= ld have =E2=80=9Cbespoke=E2=80=9D rules.

  • Pause: P= ixar=E2=80=99s laying off 14% of its workforce (~175 employees) as part= of parent Disney=E2=80=99s cost slashing. The studio=E2=80=99s focu= sing on quality over quantity after a series of box-office flops like =E2= =80=9CElemental.=E2=80=9D

=
<= /table>
=
Snack = Fact Of the Day

As of last y= ear, nearly 40% of decade-old web links led nowhere

<= /table>
=
Thursday

  • World Turtle Day

  • Earning= s expected from Ralph Lauren, Intuit, Workday, Deckers Brands, TD Bank, = BJ=E2=80=99s Wholesale Club, and Ross

Authors of= this Snacks own bitcoin and ethereum and shares of: Disney, GM, and Nvidia=

Advertiser=E2=80=99s Disclosure:

**Investo= rs should consider the investment objectives, risks, charges and expenses c= arefully before investing. For a prospectus or summary prospectus with this= and other information about the Funds, please call (844) 476 8747 or click here for NVD= and click here for NVDL. Read the prospectus or summ= ary prospectus carefully before investing.

The Fund is not su= itable for all investors. The investment program of the funds is speculativ= e, entails substantial risks and includes asset classes and investment tech= niques not employed by most other ETFs and mutual funds. Investments in the= ETFs are not bank deposits and are not insured or guaranteed by the Federa= l Deposit Insurance Corporation or any other government agency. The Fund is= designed to be utilized only by knowledgeable investors who understand the= potential consequences of seeking daily inverse (-2 X) investment results,= understand the risks associated with the use of inverse exposure and are w= illing to monitor their portfolios frequently. For periods longer than a si= ngle day, the Fund will lose money if the Underlying Stock=E2=80=99s perfor= mance is flat, and it is possible that the Fund will lose money even if the= Underlying Stock=E2=80=99s performance decreases over a period longer than= a single day. An investor could lose the full principal value of his/her i= nvestment within a single day.

The Fund seeks daily leveraged investm= ent results and is intended to be used as short-term trading vehicles. This= Fund attempts to provide daily investment results that correspond to the r= espective inverse of the performance of its underlying stock (an inverse Fu= nd).

Investors should note that the fund pursues daily leveraged inve= stment objectives, which means that the fund is riskier than alternatives t= hat do not use leverage because the fund magnifies the performance of their= underlying security. The volatility of the underlying security may affect = a Fund=E2=80=99s return as much as, or more than, the return of the underly= ing security.

Because of daily rebalancing and the compounding of eac= h day=E2=80=99s return over time, the return of the Fund for periods longer= than a single day will be the result of each day=E2=80=99s returns compoun= ded over the period, which will very likely differ from -200% of the return= of the Underlying Stock over the same period. The Fund will lose money if = the Underlying Stock=E2=80=99s performance is flat over time, and as a resu= lt of daily rebalancing, the Underlying Stock volatility and the effects of= compounding, it is even possible that the Fund will lose money over time w= hile the Underlying Stock's performance decreases over a period longer= than a single day.

THE FUNDS ARE DISTRIBUTED BY ALPS DISTRIBUTORS, I= NC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

=

<= /td>
Sherwood Media, LLC produc= es fresh and unique perspectives on topical financial news and is a fully o= wned subsidiary of Robinhood Markets, Inc., and any views expressed here do= not necessarily reflect the views of any other Robinhood affiliate... See more
--bf9e893d9d8101a641486ed58ec33bcc14e5d9aaf9a17fbba99248d7aa98 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
=E2=80=A6and ethereum=E2=80=99s on = the spot
 
=
 
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">
Rush-hour veterans (Mario Tama/Getty Images)
Sponsored by
<= /table>
Yesterday=E2=80= =99s Market Moves
 
Dow Jones
39,671 (-0.51%)		S&P 500
5,307 (-0.27%)		Nasdaq
<= span style=3D"font-weight: 700;">16,802 (-0.18%)		Bitcoin
$69,450 (-0.99%)<= /span>
Dow Jones
39,671 (-0.51%)		<= span class=3D"text" style=3D"font-family: 'Helvetica Neue', Helvetica, Aria= l, sans-serif;; font-size: 13px; line-height: 22px; padding: 0;">S&P 5005,307 (-0.27%)
Nasdaq
16,802 (-0.18%)= 		Bitcoin
$69,450 (-0.99%)
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">

Hey Snackers,

If you want yo= ur snail mail to smell like a Parisian bakery, you can buy the French post = office=E2=80=99s new scratch-=E2=80=99n=E2=80=99-sniff baguette stamp. Sounds like an =E2=80=9CEmily in Paris=E2= =80=9D marketing campaign.

Stocks dipped and the Dow had i= ts worst session of the month after Fed meeting minutes suggested officials= saw a lack of progress in taming inflation. Some even discussed the possib= ility of hiking interest rates again if inflation doesn=E2=80=99t fall clos= er to the Fed=E2=80=99s goal.

3D""
<= /table>
<= /tr>

US cars are ol= der than ever as driving costs leave savings tanks on empty

This weekend, expect traffic=E2=80=A6 and lots of Do= dge Calibers. As an estimated 38M drivers take to the open road over Memori= al Day weekend, the cars they=E2=80=99ll be driving are older than ever. Th= e average age of US cars, trucks, and SUVs hit 12.6 years, new data = said. Pandemic supply snags and chip shortages led to rising average vehicl= e ages in recent years. But this year analysts attribute the bump to higher= car prices, insurance premiums, and auto-loan rates.

  • Vintage is in: The= average price to drive a new car off the lot was $48.5K last month, up 21%= from April 2021. That=E2=80=99s making potential new car buyers think twic= e.

  • Wheel deals: Lower-co= st models drove Toyota=E2=80=99s 20% US sales spike in Q1, and an 82= % surge in sales of cheaper trucks boosted Ford=E2=80=99s #s.

  • Fixer-uppers: Older cars on th= e road =3D good business for repair shops as maintenance costs rise. O= =E2=80=99Reilly last month reported 7% year-over-year revenue growth, a= nd this week AutoZone beat estimates, opening 30+ new US stores last= quarter.

Runnin=E2=80=99 on fumes=E2=80=A6 Owning a= car is pricier than ever. AAA said the average annual cost of having a new= car hit $12.2K last year, or 16% of the median US household income. US aut= o-insurance rates spiked 22% last month from a year ago (the highest jump i= n nearly a half century), and repair costs rose almost 8%. At the same time= , automakers are getting rid of more-affordable sedans. GM said it&#= x27;s scrapping the Chevy Malibu and Subaru plans to sunset its Legacy.

<= /td>
THE TAKEAW= AY

Cars are slowing= Americans down=E2=80=A6 They drive more than citizens of any other cou= ntry. As car costs pile up, folks are finding it harder to save. In March, = the personal savings rate fell to 3.2% (the long-term average is more than = 8%). Higher driving costs may be one reason consumer sentiment fell to a si= x-month low (something you may gather from chats around the BBQ this weeken= d).

Sponsored by GraniteShares
<= /td>

The long and short of it=E2=80=A6

W= hen it comes to Nvidia, investors are divided.

Some back the stock=E2= =80=99s unparalleled price growth, while others chalk it up to overv= aluation.

Concentrated daily exposure to the moves of an individua= l stock can potentially yield investment returns. So if you're fir= mly on either side of the fence, you might want to leverage the prob= able stock price moves flowing from Nvidia=E2=80=99s earnings announceme= nt.

GraniteShares=E2=80=99 suite of Short and Leveraged si= ngle stock ETFs* give high-conviction investors a way to do just that.=C2= =A0

<= p>Accessible through a traditional brokerage account, these two ETFs mag= nify exposure to NVDA=E2=80=99s price moves in a single trade =E2=80=94= with no margin calls.*=C2=A0

Go long or short on NVDA with GraniteShar= es Single Stock ETFs.**

*An investment in these ETFs invol= ve significant risks. Click each fund for more information.

<= /table>

CRYPT= -OH
<= /table>

Prediction markets= flip toward spot ether ETF approvals as the SEC=E2=80=99s deadline looms

Wanna bet=E2=80=A6 Crypto-prediction m= arkets strapped in for a roller coaster ride this week. On Polymarket the odds that the SEC will approve a spot ethereum ETF this month = soared earlier this week to nearly 75%, up from 10% on Monday. Those bettin= g their crypto on the decentralized platform won=E2=80=99t have to hold the= ir breath: the SEC is facing two deadlines =E2=80=94 one today and one tomo= rrow =E2=80=94 to either approve or deny spot ether ETF applications from <= b>VanEck and Ark Invest/21Shares.

  • Analy$ts: The odds about-fa= ce followed reports that the regulator had asked asset managers to u= pdate official ETF-related filings. Analysts saw this as a bullish sign.

  • Into the ether: The price = of ethereum spiked nearly 20% Monday on the news, with one analyst predicti= ng spot ether ETFs could pull in up to $45B in the first year.

  • Round two: The SEC approved spot = bitcoin ETFs in January. The funds pulled in billions in investments an= d helped push the price of BTC to an all-time high of $73K+.

  • Bit different: Some experts say that e= thereum=E2=80=99s proof-of-stake nature = might be a sticking point for regulators (bitcoin uses proof of work).

    <= /li>

Feelin=E2=80=99 on the spot=E2=80=A6 If the SEC does app= rove spot ether ETFs, analysts say it=E2=80=99d represent a 180 for the cry= pto-skeptical regulator. Shifting political winds may=E2=80=99ve played a r= ole. Just yesterday the House passed an industry-supported bill that would = create a framework for digital assets. And while President Biden said he op= posed the bill, he didn=E2=80=99t threaten a veto should it reach his desk.= Plus, last week the Senate passed a pro-crypto measure viewed as a rebuke = to the SEC=E2=80=99s approach to crypto regs.

=
THE TAKEAWAY

Politics push policy=E2=80=A6 Th= e politics of crypto have evolved since the height of crypto winter. There= =E2=80=99s now bipartisan support for crypto legislation, and pro-crypto PA= Cs reportedly plan to spend $100M ahead of the upcoming US congressional el= ections in support of crypto-friendly candidates. The SEC=E2=80=99s = decision could show whether it=E2=80=99s leaning into the shift.

<= /td>

Darli= n
<= /table>

The pandemic darlings: where are they now?

We checked in on the share prices of six Covid-era winners, and e= ach is d= own from its pandemic peak.

See why the new normal hasn=E2= =80=99t stuck.

<= /table>
What else we're Snackin'

    Envy-dia: Nvidia had a chipper earnings beat, reporting that its quarterly r= evenue more than tripled from a year earlier. The AI chip champ, whose shar= es hit nearly $1K yesterday, announced a 10-to-1 stock split.

  • Tarjay= : Target missed the bull=E2=80=99s-eye, with same-store sale= s dipping for a fourth straight quarter as consumers cut back on discretion= ary items like home decor and essentials like groceries.

  • Coiny: Former President Trump=E2=80=99s camp= aign said it=E2=80=99ll accept crypto donations in an appeal to blockchain = stans. Past nominees have accepted bitcoin, but Trump, who said he=E2=80=99= s building a =E2=80=9Ccrypto army,=E2=80=9D will allow a host of coins (inc= luding meme coins).

  • L8er: Regulators are about to hold BNP= L =E2=80=9Cpay in four=E2=80=9D installment plans to some of the same stand= ards as credit cards to protect consumers facing fees and ballooning debt. = Klarna said BNPL should have =E2=80=9Cbespoke=E2=80=9D rules.

  • Pause= : Pixar=E2=80=99s laying off 14% of its workforce (~175 e= mployees) as part of parent Disney=E2=80=99s cost slashing. The stud= io=E2=80=99s focusing on quality over quantity after a series of box-office= flops like =E2=80=9CElemental.=E2=80=9D

=
<= /table>
=
Snack = Fact Of the Day

As of last y= ear, nearly 40% of decade-old web links led nowhere

<= /table>
=
Thursday

  • World Turtle Day

  • Earning= s expected from Ralph Lauren, Intuit, Workday, Deckers Brands, TD Bank, = BJ=E2=80=99s Wholesale Club, and Ross

Authors of= this Snacks own bitcoin and ethereum and shares of: Disney, GM, and Nvidia=

Advertiser=E2=80=99s Disclosure:

**Investo= rs should consider the investment objectives, risks, charges and expenses c= arefully before investing. For a prospectus or summary prospectus with this= and other information about the Funds, please call (844) 476 8747 or click here for NV= D and click here for NVDL. Read the prospectus or = summary prospectus carefully before investing.

The Fund is no= t suitable for all investors. The investment program of the funds is specul= ative, entails substantial risks and includes asset classes and investment = techniques not employed by most other ETFs and mutual funds. Investments in= the ETFs are not bank deposits and are not insured or guaranteed by the Fe= deral Deposit Insurance Corporation or any other government agency. The Fun= d is designed to be utilized only by knowledgeable investors who understand= the potential consequences of seeking daily inverse (-2 X) investment resu= lts, understand the risks associated with the use of inverse exposure and a= re willing to monitor their portfolios frequently. For periods longer than = a single day, the Fund will lose money if the Underlying Stock=E2=80=99s pe= rformance is flat, and it is possible that the Fund will lose money even if= the Underlying Stock=E2=80=99s performance decreases over a period longer = than a single day. An investor could lose the full principal value of his/h= er investment within a single day.

The Fund seeks daily leveraged inv= estment results and is intended to be used as short-term trading vehicles. = This Fund attempts to provide daily investment results that correspond to t= he respective inverse of the performance of its underlying stock (an invers= e Fund).

Investors should note that the fund pursues daily leveraged = investment objectives, which means that the fund is riskier than alternativ= es that do not use leverage because the fund magnifies the performance of t= heir underlying security. The volatility of the underlying security may aff= ect a Fund=E2=80=99s return as much as, or more than, the return of the und= erlying security.

Because of daily rebalancing and the compounding of= each day=E2=80=99s return over time, the return of the Fund for periods lo= nger than a single day will be the result of each day=E2=80=99s returns com= pounded over the period, which will very likely differ from -200% of the re= turn of the Underlying Stock over the same period. The Fund will lose money= if the Underlying Stock=E2=80=99s performance is flat over time, and as a = result of daily rebalancing, the Underlying Stock volatility and the effect= s of compounding, it is even possible that the Fund will lose money over ti= me while the Underlying Stock's performance decreases over a period lo= nger than a single day.

THE FUNDS ARE DISTRIBUTED BY ALPS DISTRIBUTOR= S, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

=

=
=
Sherwood Media, = LLC produces fresh and unique perspectives on topical financial news and is= a fully owned subsidiary of Robinhood Markets, Inc., and any views express= ed here do not necessarily reflect the views of any other Robinhood affilia= te... See more
--bf9e893d9d8101a641486ed58ec33bcc14e5d9aaf9a17fbba99248d7aa98--