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  • Daily Scoop 22-10-11

Daily Scoop 22-10-11

👋 Your Tuesday Scoops - GM's clean energy shocker & Facebook hacks

Today's Scoop:Rocky

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Big Picture

  1. Small businesses are getting more optimistic.

  2. Consumers expect inflation to fall next year but stay higher than before.

  3. Earnings season is almost here.

The Market: 

⬇️

-0.7%

S&P 500: 3,612.39

1Mo:

-13%

| 1Yr:

-18%

 

| 5Yr:

+41%

Markets didn't do much today. Investors are focused on Thursday's inflation data, expecting to see continued rising prices. Decreasing prices would be a positive surprise.

Consumers are expecting less inflation.

The Federal Reserve Bank of New York's September consumer survey showed a significant drop in the expected inflation rate one year out but a slight rise in longer-term expectations. Inflation expectations are important because when businesses expect rising costs, they raise prices, and the cycle perpetuates.

Small business optimism edged up last month

, but still sits below average, according to the National Federation of Independent Business. Costs are still rising, and it's hard to find staff.

Corporate earnings season starts soon.

Company Scoops ❤🌎💰

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

Amazon

-

General Motors

-

Facebook

-

Raytheon

-

Coinbase

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

🤓 Inside Scoop...

Public companies are required to report on their financial health every quarter. We get a look at their sales, expenses, and profits (aka

earnings

). The few weeks after the end of the quarter, when most companies give their reports, is called

earnings season

. It's basically pumpkin spice season for investors, but four times a year.

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