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Euro 2024 kicks off today, and from a US perspective, it’s the most important tournament since the 1999 Women’s World Cup.
Asian avocado imports are skyrocketing 🥑
Supply needs to catch up. You can invest.
In this week's Sunday Edition, we explain the benefits of traditional farming vs the new "vertical" methods.
What does AGRI do?
AGRI Developments is a leading private alternative asset company specializing in unique agriculture opportunities in Asia.
The latest opportunity? Growing Hass Avocados in the Philippines.
Why Hass Avocados in the Philippines? 🇵🇭
Huge unmet demand. Asian nations are developing a taste for avocados. Imports are growing by 48% per year. (Asian demand for avos is expected to pass the US & Mexico combined by 2030!)
High prices. It's not easy to grow avocados in Asia. So almost all avocados are imported — meaning prices are nearly 2x higher than the Western Hemisphere.
Perfect suitability. As the only country in Asia capable of growing high-quality Hass avocados in volume, the Philippines is uniquely positioned to meet the demand.
Strategic location. The Philippines is next to key import hubs of China, South Korea, Japan, and Hong Kong.
Low operational costs. It's an ideal location for avocado cultivation and production.
AGRI developments offers access to one of the few commercially viable sources of avocado development in Asia.
The offering is for individual avocado trees, a minimum of 10 for $13.75k. Base-case annual yields are expected to be 18%+, with a minimum price agreement already in place.
Invest in Agri Developments to be part of a project that not only promises financial returns, but also contributes to sustainable and responsible development.
📰 Market Headlines
All eyes on retail sales and jobless claims this week with stocks sitting near historic peaks.
On Friday, the Nasdaq rose over 3% while the S&P 500 gained 1.5%, both closing at record highs for four days straight.
Key economic updates include May retail sales, expected to rise 0.3%, and initial jobless claims, which hit a 10-month high last week.
Minneapolis Fed President Kashkari said it's "reasonable" to predict a December rate cut by the US central bank.
Pixar's "Inside Out 2" debuted with $155 million, the second-highest animation opening ever.
President Biden and Former President Trump have agreed to mic muting for the upcoming presidential debate.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
Winner winner.
📈 Trends you need to know
“Buy a boat” in red; “Buy an RV” in blue
I hear the two best days of a boat owner’s life are the day they buy a boat and the day they sell it.
🧠 What do you think?
The epic debate. Boat or RV?
I'd rather own |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Another week means another slew of earnings reports. Here’s who to look out for:
Market movers
Adidas launched an inquiry into senior staff bribery allegations in China.
Apple and Meta are set to face EU charges for failing to comply with landmark tech rules.
Wells Fargo fired dozens of employees for faking productivity with "mouse movers.”
Onsemi announced plans to cut 1,000 jobs globally.
Pfizer to announce hundreds of layoffs in Sanford, NC after a failed clinical trial.
Ideas, trends, and analysis
A three-day hybrid workweek was found to match or exceed in-office performance.
The US added 272,000 jobs in May, unemployment rose to 4%, wages up 4.1%.
Luxury brands in China have begun offering unprecedented discounts of up to 50% due to an economic slowdown.
89% of Indians see AI as vital for economic inclusion, above the 76% global average.
RV shipments are projected to reach 344,000 units in 2024, showing a moderate increase from last year's 313,000 units.
US home sales hit near-decade lows in May due to high mortgage rates and prices.
🌍 Global Perspectives
🇨🇭 Over 80 countries agreed Ukraine's territorial integrity is key for peace.
🇺🇦 🇷🇺 G7 leaders accused China of enabling Russia's war, threatening sanctions on entities supporting Moscow.
🇺🇦 Fierce fighting is underway in Vovchansk as Ukrainian troops try to isolate Russian units.
🇮🇱 🇵🇸 Israeli PM Netanyahu denounced the military's tactical pauses in Gaza.
🇺🇸 🇸🇪 🇳🇴 🇩🇰 🇮🇸 🇫🇮 The US sanctioned the neo-Nazi Nordic Resistance Movement leaders in Scandinavia.
🇸🇬 Singapore announced plans to clean oil slicks after a dredger hit an oil tanker.
🌍 G7 launched the Apulia Food Systems Initiative to "overcome structural barriers to food security and nutrition."
📊 Crypto
Australia's largest stock exchange approved its first spot Bitcoin ETF.
Do Kwon and Terraform Labs settled with the SEC for $4.5 billion over TerraUSD's $40 billion collapse in 2022.
Central banks saw a "sharp uptick" in CBDC experiments in 2023.
MicroStrategy increased its convertible note offering by 40%.
Bitcoin's active addresses hit a 5-year low as BTC ranged below $67,000.
Cryptocurrency startup funding surpassed $100 billion in just 10 years.
🧠 Errata
A fugitive wanted for an El Salvador killing was arrested for a Maryland hiker killing instead.
Voyager 1 is back online after it stopped making sense, conducting normal operations over 15 billion miles from Earth.
A Hampton’s deli tossed a $120 price tag on a point of lobster salad, making tuna salad suddenly sound delicious.
A Southern California wildfire doubled in size over the weekend, causing the evacuation of more than 1,000 campers.
📺 What to Watch Today
The fire began Saturday afternoon, spreading across 5,000 acres.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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