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  • Daily Scoop 22-10-26

Daily Scoop 22-10-26

👋 Your Wednesday Scoops - Chipotle price hikes & Mattel's holiday fears

Today's Scoop:Weak

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Big Picture

  1. Businesses have been cutting advertising budgets.

  2. Fewer people are buying homes with mortgage rates so high.

  3. Investors are getting hopeful that policymakers may stop raising rates soon.

The Market: 

⬇️

-0.7%

S&P 500: 3,830.60

1Mo:

 

+5%

 

| 1Yr:

-16%

 

| 5Yr:

+48%

The market drifted lower today after

disappointing financial reports from tech giants

Google and Microsoft. Those two, plus Apple, Amazon, and Tesla are so large that they make up a fifth of the S&P 500 index. The other 495 companies make up the other 80%. So

as Big Tech moves, the market moves.

Fewer people are buying homes with mortgage rates so high.

The Commerce Department reported the number of new homes sold dropped 11% last month. The average 30-year fixed-rate mortgage is approaching 7%.

Investors hope policymakers will soon stop raising rates

as other countries like Canada slow their restrictive measures. The Federal Reserve will announce its next move on Wednesday. Investors expect a rate hike but hope the Fed will signal an end to the increased economic restrictions.

Company Scoops ❤🌎💰

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

Spotify

-

Chipotle's

-

Mattel's

-

Google

-

Microsoft

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

🤓 Inside Scoop...

You might hear investors or commentators talking about things being

priced into the market

. An investment is an opinion on the future. You're buying a share in a company or a set of companies because you believe it will grow, and you want to benefit from that growth. Every investor has a different price they would be willing to pay for a share of a company's growth. That's what makes

the market

- varying degrees of optimism and pessimism. As investors figure out what price they would be willing to invest at - whether by gut or fancy excel models - they consider future events that could affect the company's business. Saying a particular scenario is "

priced in

" means that the investor has considered how that event might affect the company. So when someone says

a recession is already priced in,

they think the price has fallen enough to recognize that a recession would affect the company's growth.

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