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Daily Scoop 12-14

Daily Scoop 12-14

👋 Your Tuesday Scoops - Assault victim firing at BABA & deadly Amazon warehouse collapse

December 14, 2021

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Today's Scoop:Concern

Big Picture

Businesses are facing record cost increases.
Congress has agreed to avoid defaulting on our national debt.
Policymakers will decide whether to roll back stimulus measures faster this week.

The Market

⬇️

-0.8%

S&P 500: 4,634.09

1Mo:

-1%

| 1Yr:

+25%

| 5Yr:

+105%

Markets continued downward today on the back of another record inflation release. The Producer Price Index for wholesale goods rose nearly 10% over the past 12 months. The Federal Reserve, master of coin, is meeting this week to decide the next steps on policy. Investors expect them to roll back their pandemic emergency stimulus measures sooner than originally projected. The Senate approved raising the debt ceiling, so the US should avoid defaulting on its debt pending approval from the House and the President. Raising the debt ceiling doesn't approve more spending. It just lets the Treasury pay for the already-approved budget.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Pfizer's

covid pill sounds very effective

Alibaba

fired the victim of sexual assault

Snapchat's

being used for robberies

Walmart's

innovating in sustainability

Amazon's

warehouse collapsed and killed six

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Investors can sometimes turn pessimistic about technology and high-growth companies when they're worried about inflation. If prices are rising and dollars are losing purchasing power, profits are also worth relatively less. When you're investing in growth companies, you're promised a share of profits further into the future. Inflation has more time to eat away at those profits. Investors might also sell riskier stocks if they think there are risks of the economy failing or slowing.