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AgMaster Report – Wednesday, May 15

AgMaster Report – Wednesday, May 15

JULY WHT Who would have thought it just a mere month ago – the lowly, often beat-up wht mkt emerging as the upside leader at the CBOT! But it has happened – in a short 3 wks July Wht has moved up exponentially – rallying an impressive $1.50 (5.50-7.00)! A combination of friendly fundamentals has […]
Market Talk – Wednesday, May 15

Market Talk – Wednesday, May 15

Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 29.67 points or 0.08% to 38,385.73 Shanghai decreased 25.87 points or -0.82% to 3,119.90 Hang Seng closed ASX 200 increased 26.90 points or 0.35% to 7,753.70 Kospi closed SENSEX decreased 117.58 points or -0.16% to 72,987.03 Nifty50 decreased 17.30 points […]
Real Retail Sales Back To Negative YoY

Real Retail Sales Back To Negative YoY

Here is today’s update on one of my favorite indicators: retail sales. In April they were unchanged on a nominal basis. Adjusted for inflation they declined -0.3% for the month. They are also down -6.2% from their 2021 peak and -2.9% since January 2023: On a YoY basis, they have also returned to the negative side, […]
AYR Wellness’ Q1 Financials Reveal 94% Reduction In Net Loss

AYR Wellness’ Q1 Financials Reveal 94% Reduction In Net Loss

Image Source: Unsplash AYR Wellness Inc. (AYRWF), a constituent in the munKNEE American Cannabis MSO Stocks Index, reported financial results for the first quarter (Q1) ended March 31, 2024 today. Unless otherwise noted, all results are presented in U.S. dollars. Q1 Financial Summary  Revenue: UP 2.8% to $118.0M Adj. Gross Profit: UP 1.0% to $62.6M as a […]
Cisco Issues Upbeat Guidance Despite 13% Hit To Revenue In Q3

Cisco Issues Upbeat Guidance Despite 13% Hit To Revenue In Q3

Image Source: Unsplash Cisco Systems Inc (Nasdaq: CSCO) is pushing to the upside in extended hours on Wednesday after reporting market-beating financial results for its third quarter. Cisco stock rallies on upbeat guidance for Q4 Investors are cheering also because the management issued upbeat guidance for the future. $CSCO now forecasts its revenue to fall between […]
Mastercard and Standard Chartered complete first live test of Multi-Token Network

Mastercard and Standard Chartered complete first live test of Multi-Token Network

Mastercard and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of Mastercard’s Multi-Token Network (MTN) within the Hong Kong Monetary Authority (HKMA) Fintech Supervisory Sandbox.The proof-of-concept pilot involved tokenizing carbon credits and performing an atomic swap between the tokenized deposit and carbon credit. According to Helena Chen, Mastercard’s managing director […]
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead

Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead

US CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields. There is a viable narrative of macro slowdown, but the inflation data remain too hot still. Market yields remain vulnerable to retracement higher until a material taming in […]
October Of 2024 Will Be Crucial Month For Cryptocurrency Investors

October Of 2024 Will Be Crucial Month For Cryptocurrency Investors

Image Source: Unsplash In this article, we analyze trends in blue-chip cryptocurrencies BTC and ETH. Both are leading indicators of the crypto markets, and there is a different reason why October of 2024 is crucial for BTC, ETH, and consequently for the entire crypto market.The summary: Bitcoin’s time/price analysis gives us October 14th, 2024, as a […]
Indexes Score Record Closes Amid Rate Cut Optimism

Indexes Score Record Closes Amid Rate Cut Optimism

The S&P 500 and Nasdaq secured fresh record closes today, thanks to April’s consumer price index (CPI) reading that was lighter than expected. The Dow settled higher as well at an all-time high of its own, brushing off flat retail sales as it nabbed a 10th daily win in the last 11 sessions, with investors now optimistic […]
XRP Holdings Surge: 19 Banks Report $10.27 Billion Investment Positions

XRP Holdings Surge: 19 Banks Report $10.27 Billion Investment Positions

Image by WorldSpectrum from Pixabay  According to reports, XRP, the cryptocurrency associated with Ripple Labs Inc now stands out as a popular investment option. The Basel Committee on Banking Supervision (BCBS) revealed that 19 banks from various jurisdictions across the globe reported crypto exposures of $10.27 billion, with XRP among those taking the lead. This figure could be much […]