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| | | | For all the history nerds here, I did a deep dive into the end of the bronze age and what that tells us about the world today. Check it out. |
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🌾 From the farm to your bank account |
To feed the world’s growing population, farmers will need to produce as much food over the next 40 years as they produced in the last ten thousand. |
We'll need big investments in farms and agribusinesses. That's why Harvest Returns offers exclusive private opportunities for investing in farming and ranching operations. |
| It's hard to imagine a world where farmland investing isn't valuable. That's where Harvest Returns comes in. |
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Invest in: |
🚜 Ranches and Farms |
Invest in helping American farmers start + grow operations. You can invest in projects such as hydroponic farms, indoor aquaculture facilities, or vineyards for $5,000 |
🌱 AgTech Companies |
Precision drones + biotech is revolutionizing the way food is grown. Harvest Returns provides investors access to high-potential, early stage AgTech companies. |
Lately we've been exploring Harvest's newest offering: their Private Credit Fund. |
🆕 Private Credit Fund |
Diversified assets across varied agriculture sectors+geos 1-3 year maturity debt notes (to leverage high interest rates) Quarterly cash distributions. First distribution is projected for JuneHigh targets: 14.5% IRR and a 1.5x exit multiple |
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📰 Market Headlines |
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Stocks settled into their rally after the Fed signaled a dovish bias. “It is unlikely the next policy move will be a hike" were the key words from Powell during a press conference. The Dow Jones Industrial Average gained 0.85%, while the S&P 500 rose 0.91% and the Nasdaq jumped 1.51%. Apple announced a record $110 billion share buyback after its earnings report beat expectations but revealed a 4% decrease in overall revenue and a 10% fall in iPhone sales. [Ed: If there was any doubt about Apple’s path forward before, there isn’t anymore] Sony and Apollo sent a letter to Paramount's board expressing interest in a $26 billion buyout as the company mulls a bid from Skydance Media. Coinbase posted a sizable jump in Q1 profit, driven by an uptick in crypto trading after the Bitcoin ETFs launched in January. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
Markets have given up on a June cut. November is now the earliest likely(ish) date. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
The vast majority of you think war is a legitimate worry. |
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📈 Trends you need to know | | 56% more Americans are trying to figure out how to declare bankruptcy today than one year ago. |
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🧠 What do you think? |
💬 Have your say |
Do you know anyone declaring bankruptcy? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Moderna closed more than 12% higher after posting a narrower-than-expected Q1 loss. Peloton's stock plunged to an all-time low after CEO Barry McCarthy unveiled plans for his departure and a 15% global workforce reduction. DraftKings announced better-than-expected results in Q1 CY2024, with revenue up 52.7% year over year and shares rising 2.9%. Expedia beat earnings estimates and revenue, closing trading 2.2% higher. Booking blew away Q1 earnings expectations, launching shares more than 9%. Wayfair reported revenue slightly above estimates, but posted a larger-than-expected net loss; shares rose 14%. ConocoPhillips missed Q1 earnings estimates and revenue, dropping shares nearly 2%. The Cigna Group fell 3.5% despite surpassing Q1 EPS estimates and raising its full-year 2024 outlook. |
Market movers |
Democratic Sen. Ed Markey introduced the first federal bill to regulate warehouse employers' use of productivity quotas, taking aim at Amazon's labor practices. An internal memo revealed Amazon is requiring its AWS Global Summit events to spend up to 80% of their time talking about generative AI. Wells Fargo announced more layoffs in Iowa on the same day shareholders voted to increase the CEO's pay by $4.5 million. |
Ideas, trends, and analysis |
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🌍 Global Perspectives | 🇳🇪 🇺🇸 Russian troops entered a base housing the US military in Niger, according to a US official. 🇺🇸 🇨🇳 🇷🇺 A senior US official urged China and Russia to agree that only humans, not AI, will decide on deploying nuclear weapons. 🇨🇳 The death toll from a collapsed highway in southeastern China climbed to 48 as searchers dug for a second day. 🇦🇪 Heavy rains returned to the UAE just two weeks after record-setting rainfall triggered damaging floods. 🇮🇷 Iran charged "several journalists and activists" following a BBC report alleging that security forces killed a teenage protester. |
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📊 Crypto | | US lawmakers urged the SEC to approve Bitcoin options trading. BlackRock's Bitcoin ETF saw its first outflows as US spot BTC ETFs shrank 20% since March. Arkansas governor announced plans to sign two bills regulating crypto mining. Hong Kong's new Bitcoin ETFs saw $217 million in inflows, not enough to offset $298 million in outflows from US ETFs. | |
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📺 What to Watch Today |
| Marijuana reclassified federally in major win for the legal cannabis industry |
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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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