ResearchThree Things (9/20)

Three Things (9/20)

Sep 20, 2022

“Always forgive your enemies; nothing annoys them so much.” ― Oscar Wilde


1) India bans rice exports: India, the world's largest rice exporter, has banned shipments of broken rice in order to control domestic prices. The government also instituted a 20% export tax on numerous other rice varieties. The ban's impact will likely reverberate across countries that rely on Indian rice, keeping prices propped up globally. 

Titan's Takeaway: Tariffs never seem to be a positive for the global economy, and this decision doesn't appear any different. India accounts for 40% of all global rice exports, so both the ban and increased tariffs will have seismic implications for countries like the Philippines, which import as much as 20% of their rice.

2) U.S. tech IPO drought reaches new stage: The market downturn has sparked the most prolonged tech IPO void in twenty years. Wednesday will be the 238th day without a tech IPO above $50 million, a longer stretch than both the 2008 financial crisis and the 2000 dot-com crash. High-growth technology companies, a staple of the IPO market for the last decade, have been disproportionately hit by the Federal Reserve's forceful interest rate hikes, lowering tech valuations and drying up the market. 

Titan's Takeaway: It's no longer free to grow, and as rising rates continue pummeling tech valuations, even the darling disruptors of the past decade are avoiding plans to IPO. Take Adobe’s recent acquisition of Figma - getting swallowed up for $20 billion seems a lot more enticing than entering the jaws of a punishing IPO market. 

3) Return to office hits pandemic high: Return to office rates hit a pandemic high as workers trudge back into offices following stricter employer mandates. Average office use hovered around 47.5% from September 8th to September 14th in the ten metro areas measured, with midweek attendance even more robust at 55%. The data follows news from Comcast and Peloton of new in-office policies for employees. 

Titan's Takeaway: Both the Long Island Rail Road and Metro-North Railroad reached pandemic highs in ridership, indicating an added emphasis on workers returning to the office. Despite the nationwide metrics, however, the push back to in-person work appears to be somewhat city-specific, with New York far out-pacing San Francisco's return to office rates.  

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash

InstagramTwitterYoutubeLinkedIn

© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.