🍼 Ether was born for this moment

Commodities cannae take any more, cap'n | Nestlé rides Oatly's coattails |

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Today's big stories

  1. Commodity prices have been hitting new highs left, right, and center
  2. If you want to understand why ether's been on a tear, you need to go back to why it was created – Read Now
  3. Nestlé announced it was entering the plant-based dairy market, just as Oatly prepares for its stock market debut

Hot Commodity

Hot Commodity

What’s Going On Here?

The prices of commodities have hit their highest levels in almost a decade, as everything from copper to lumber becomes worth its weight in gold in the post-pandemic recovery.

What Does This Mean?

Metals, food, and energy are the bread and butter of any growing global economy, but lately there have been supply problems with all three. China’s been cutting steel production citing environmental concerns, while striking port workers in Chile – where a quarter of the world’s copper is produced – are threatening to delay supply of the red metal. Transportation hiccups have been an issue too, and so has the damage to crop yields from poor weather.

That imbalance between supply and demand has conspired to send a key index of commodity prices up 70% from last March’s lows. That’s its highest level since 2011. In fact, soybean prices are up about 50%, corn over 40%, and copper and oil around 30% this year alone.

Why Should I Care?

For markets: There’s plenty more where that came from.
The eurozone economy shrank last quarter, so there’s a lot of potential growth up for grabs in the region. And that – as investing heavyweight Pimco has pointed out – could push demand for commodities even higher. It’s a trend investors look like they’re already well aware of: basic materials companies in Europe – think paper manufacturers and mining firms – kicked off Wednesday as the market’s best-performing stocks, which means your investment in Dunder Mifflin could finally be about to pay off in a big way.

Zooming in: Wood comes good.
A resurgent US housing market has boosted demand for lumber in recent weeks, sending wood prices soaring. That’s not ideal news for home buyers or home fixer-upperers who are now forced to cover the higher costs, but it certainly bodes well for Home Depot and Lowe’s first-quarter updates later this month.

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2. Analyst Take

The Secret To Ether’s Recent Heroics Might Be In Its Origin Story

What’s Going On Here?

Bitcoin’s rally might’ve stalled, but ether – forever the crypto bridesmaid – has been more than happy to steal its thunder.

The number two cryptocurrency has hit high after high in the last week, crossing the $3,400 mark on Monday to set yet another new record.

And when you glance at how the two front-runners both began, you start to realize just how much groundwork ether’s laid for that outperformance to continue.

Bitcoin, after all, is only really good for one thing: storing value. But ether is central to a complex and still-developing network of decentralized applications.

So that’s today’s Insight: how ether’s past has laid the foundations for an exciting future.

Read or listen to today’s Insight

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War And Peas

War And Peas

What’s Going On Here?

Nestlé announced on Wednesday that it’s entering the plant-based milk market, as it vies to give the world’s heavy-hitters some healthy – very healthy – competition.

What Does This Mean?

While the world’s biggest food company has been expanding into meat substitutes for a while, it’s been slow to tap into the huge and growing demand for plant-based milk that’s been fueled by environmental and nutritional concerns. But unlike a rival-base that mostly uses soy, almonds, or oats for their plant-based milks, Nestlé’s opted to create “Wunda” using protein-rich peas. Only time will tell if that was a smart decision: pea milks have got some flack for their weird “legumey” taste in the past…

Why Should I Care?

The bigger picture: It’s getting cosy in the plant-based sector.
Clearly Nestlé’s looking to quaff a share of the plant-based dairy market, which was worth $16 billion in 2019 and is anticipated to hit $41 billion by 2025 (tweet this). But the company’s not short of rivals: it’ll be going head to head with French dairy giant Danone’s Alpro and Silk, as well as young upstarts Chobani, Planet Oat, and Califia Farms. At least Nestlé has something the new kids on the block don’t: an extensive distribution network that’ll enable it to effortlessly roll out new products across the world’s retail outlets.

For markets: Oatly schmoatly.
Nestlé’s Wunda range will include a barista-approved milk designed for steaming and frothing. That’s a pretty direct clapback at Oatly, whose own barista-style oat milk is used in every Starbucks store across the US. And if that wasn’t enough of a declaration of war, Nestlé’s announcement came just as Oatly prepares for a stock market debut that could value it at as much as $10 billion. Still, the company’s recent filings showed that it doubled its sales to $421 million in 2020, so if Nestlé’s coming at the plant-based king, it’d best not miss.

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💬 Quote of the day

“I think computer viruses should count as life. I think it says something about human nature that the only form of life we have created so far is purely destructive. We’ve created life in our own image.”

– Stephen Hawking (an English theoretical physicist, cosmologist, and author )
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🤒 How To Maintain Your Financial Wellbeing: 4pm UK time, May 6th
🎉 How To Invest In The Next Big Thing: 1pm NYC time, May 10th
☄️ How To Invest In Hot Commodities: 6pm UK time, May 12th
🤖 How To Buy Your First Non-Fungible: 5pm UK time, May 13th
📈 How To Prepare For The Coming Market Shift: 5pm UK time, May 18th
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💪 Investment Opportunities In The Circular Economy: 5pm UK time, May 25th
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