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- Daily Scoop 11-29
Daily Scoop 11-29
👋 Your Monday Scoops - Twitter CEO bails & AMC does NFTs
Today's Scoop:Recovering
Big Picture
The new coronavirus variant won't mean new lockdowns.
Prices are rising faster than they have in decades
Corporations have been staying profitable by boosting prices to offset higher costs.
The Market
⬆️
+1.3%
S&P 500: 4,655.27
1Mo:
+1%
| 1Yr:
+29%
| 5Yr:
+112%
Markets rebounded a bit from a terrible day on Friday. The discovery of a new coronavirus variant named omicron in South Africa fueled pessimism on a day typically prone to volatility from lower staffing and fewer traders at their desks. President Biden today said there wouldn't be new lockdowns or travel restrictions because of this new variant. Things are likely to stay volatile as investors work through mixed economic data. Last week, we saw weekly layoffs hit a multi-decade low while also learning consumer prices are rising faster than they have in 30 years. So far, corporations have said they've seen little trouble raising prices to offset higher supply costs, but investors worry consumers will get tired of the price hikes before the supply chain issues are resolved.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Twitter's
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Disney's
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AMC's
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John Deere's
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Tesla's
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
When investors talk about the risks of inflation, they're talking about the risks of inflation getting
too high
. Rising prices are normal, but we don't want prices to rise too quickly. If that happens, the Federal Reserve will have to step in and shut off the stimulus. Right now, most would say prices are rising too quickly, but many think the inflation will slow once the pandemic-induced supply chain disruptions go back to normal. Investors worry that persistently-high inflation will force the Fed to cut off stimulus before the economy is ready.
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