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Daily Scoop 22-1-11

Daily Scoop 22-1-11

👋 Your Tuesday Scoops - Whole Foods vs. BLM and Citi fires the unvaccinated

January 11, 2022

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Today's Scoop:Relief

Big Picture

Small businesses are optimistic.
Inflation and labor costs are still businesses' biggest problems.
Policymakers think the economy is healthy enough to remove the emergency stimulus support.

The Market

⬆️

+0.9%

S&P 500: 4,713.07

1Mo:

+1%

| 1Yr:

+24%

| 5Yr:

+107%

Markets rebounded after a few ugly days. Investors found comfort in Federal Reserve Chairman Powell's testimony in front of Congress today that

the economy is healthy enough to move slowly away from the emergency stimulus

He doesn't see an inflation emergency

yet but would be prepared to roll back the stimulus more quickly or start restricting the economy if it gets out of hand. The Fed will be pumping less money into the system over the next couple of months, then consider raising rates and potentially pulling money out of the system.

The National Federation of Independent Businesses (NFIB)'s small business survey showed a

high level of optimism

out there, but the top concerns for small business owners are still

rising goods prices and labor costs.

Company Scoops ❤🌎💰

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

Citibank

gives a no-jab no-job ultimatum

Amazon's

Whole Foods battles against BLM

Intel

walks back its comments on Xinjiang

Crocs

are cool now

Microsoft

battles over metaverse talent

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

🤓 Inside Scoop...

In the short-term, money flows back and forth across different stock sectors according to the prevailing theme of the moment. When investors are worried about slowing economic growth, they move to safer stocks, perhaps with more consistent profits and dividends. When they feel optimistic about economic growth, they increase their riskier positions. It's all a cyclical flow back and forth mirroring the volatility of human emotions and optimism.