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NWQWM Morning Financial Report

A bond selloff is deepening after yesterday's comments from Jerome Powell, which said the Fed is prepared to act even more aggressively to tackle inflation. The yield on the 10-year Treasury has soared 1/5% basis points to 2.32% since the remarks, leading to the worst month for the asset class since 2016.

 

Shares of Nike rose 5.5% in after-hours trading on Monday as the sneaker giant posted a set of impressive results. Revenues climbed 5% Y/Y to $10.9B during the holiday quarter (beating estimates of $10.6B).  Given the strong results, Nike was quick to flag that its direct-to-consumer model was working. The strategy was rolled out in 2017, but recently saw Nike even move away from retailers like Foot Locker in favor of its own apps, website, and stores.

 

Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials that constitute the fertilizer market — ammonia, nitrogen, nitrates, phosphates, potash and sulphates — are up 30% since the turn of the year and now exceed those seen during the food and energy crisis in 200

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