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Two key economic pieces of information from Titan and their research team. If you’d like to learn more about Titan, CLICK HERE <<<<<<

➊Futures fall 200 points: After a brutal sell-off for Wall Street on Friday, stock futures fell Sunday evening, with the Dow sliding 0.7%, and the S&P 500 and NASDAq 0.8% and 0.9% respectively. Both Friday and Sunday’s drops can likely be attributed to Fed Chair Jerome Powell’s statement that the Federal Reserve remains committed to rate hikes to combat stubbornly high inflation, even if it causes economic pain.   Titan’s Takeaway: Inflation still isn’t going away, so neither are rate hikes. Friday’s sell-off and Sunday’s slide indicate that investors remain cautious about the markets and the appetite for risk has shrunk. Hopefully Powell’s firm stance will start to pay off, and the futures will look brighter soon.

➋ Drought discoveries persist: Severe droughts across the globe are exposing both historical secrets and food supply problems. In Texas, a dried up river revealed 113 million year old dinosaur tracks. Low water in the Danube led to the discovery of a sunken warship from WW2. Winemakers in France just recorded the earliest harvest ever in wine country due to drought conditions, and farmers worldwide have seen diminished harvests this season.  Titan’s Takeaway: While re-discovering ancient relics is exciting, a global food crisis is not. With grain supply already threatened due to Russia’s ongoing war against Ukraine, drought conditions affecting harvests only adds more pressure to the problem. We’ll be curious to see how this affects food prices in the coming months.