The Nasdaq Food and Beverage ETF is entering a major downturn as the US is beginning to experience major disruptions in the meat market. Yesterday the McDonald's CEO announced that they've had no supply-chain disruptions yet, but they're watching the situation "hour by hour" and are very concerned about it. Later that day, I heard my first story of a McDonald's that has stopped selling burgers because beef is too expensive. The problem is basically that meat processors can't keep up with orders due to labor shortages. As you can see, FTXG has broken below its moving averages and may lead the market downward as the situation develops.
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Wendy's has been the hardest-hit of the burger chains, with 1/5 of their stores out of beef. However, Trump's executive order to reopen meat processing plants may resolve this situation with a week or two; hard to say.
A UFC fighter's world is turned upside down when he discovers an elite group of world-renowned athletes and scientists who prove that everything he had been taught about protein was a lie.
FULL MOVIE DOCUMENTARY #thegamechangers
ChristopherCarrollSmith
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I wasn't able to short this ETF directly on Webull, so I ended up shorting MCD. Meat prices are up 8%, eggs by 31%, cheese 11%, milk 10% vs. This time last year. McDonald's may not be the best pick for a put given they've had some good news lately. Maybe JACK would have been better, but I wasn't sure how their upcoming earnings might complicate the trade.
The Game Changers (2019) FULL MOVIE DOCUMENTARY youtube.com/watch?v=ove9b16OeR4
A UFC fighter's world is turned upside down when he discovers an elite group of world-renowned athletes and scientists who prove that everything he had been taught about protein was a lie.
FULL MOVIE DOCUMENTARY #thegamechangers