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Happy Summer Solstice to those who celebrate. | |
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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. |
One way to realize those benefits is through a company called AGRI. |
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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 offer 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. |
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📰 Market Headlines |
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The 2025 Tax fight is already underway, with Democrats pushing for new taxes on corporations and billionaires, while Republicans aim to extend the 2017 tax cuts. | Mortgage demand remained flat despite interest rates dropping to their lowest level since March, with total mortgage application volume rising just 0.9% from the previous week. | An OpenAI co-founder launched Safe Superintelligence (SSI), a new AI company focused on safe AI. | Nvidia’s AI development service has just added to its offerings a large language model developed by Chinese startup 01.AI. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
Let’s see where the market goes today…. |
| 📈 Trends you need to know | | This is a brutal chart for a president seeking reelection in 2024. |
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🧠 What do you think? |
Compared to five years ago, my financial situation is |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Markets were closed yesterday in observance of Juneteenth. |
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Market movers |
GE Aerospace announced plans to develop hybrid electric engines for narrow-body jets by the mid-2030s. Walmart has introduced electronic shelf labels to its stores allowing price changes as often as every 10 seconds. [Ed: what happens if the price changes between putting the item in your trolley and paying for it?] Dell and Super Micro announced plans to provide server racks for Elon Musk's xAI supercomputer. Rite Aid has begun the closure of 27 stores as bankruptcy proceedings continue. Wex announced 375 job cuts, mostly in its technology organization. |
Ideas, trends, and analysis |
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Nearly half of Americans are struggling financially, up from 44% in December. The UK's inflation rate returned to the Bank of England's 2% target for the first time in nearly 3 years. Mortgage demand flattened as rates dipped to 6.94%, the lowest since March. Monthly home prices have begun to come down in pandemic boomtowns, with San Antonio dropping 0.3% in April, followed by 0.25% in Austin, and 0.16% in Tampa. |
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🧠 Errata | NASA astronauts' return from the ISS has been delayed by Boeing's spacecraft issues. Sounds about right. Another monolith popped up in the Nevada desert. A bear was filmed stealing a cooler from a truck in Tahoe City, California, and eating the workers' lunch. |
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📺 What to Watch Today |
Take that, Goldilocks. |
| Bear steals lunches from cooler in workers' truck near Lake Tahoe |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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