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  • Daily Scoop 22-11-15

Daily Scoop 22-11-15

👋 Your Tuesday Scoops - Moderna efficacy & Tom Ford's new owner

Today's Scoop:Floating

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Big Picture

  1. Business costs aren't rising as quickly.

  2. Credit card debt is soaring.

  3. Consumers are still spending a lot, but on different stuff.

The Market: 

⬆️

+0.9%

S&P 500: 3,991.73

1Mo:

 

+9%

 

| 1Yr:

-15%

 

| 5Yr:

+55%

Markets drifted higher today after another encouraging inflation report indicating

cooling prices for the stuff businesses spend money on

.

The Labor Department’s Producer Price Index (PPI) rose 0.2% last month, driven mainly by higher gas prices. Core prices stayed roughly flat in October, but wholesale costs are still 8% higher overall than a year ago.

Credit card debt is soaring

. The Federal Reserve Bank of New York reported credit card balances rose by 15% in the third quarter, the most significant increase in over 20 years. For the last two years, consumers have been able to manage their debt well, with delinquency rates at historic lows. Last quarter,

delinquencies rose across every loan type.

Company Scoops ❤🌎💰

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

Estee Lauder

-

Moderna's

-

Home Depot

-

Walmart

-

Amazon

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

🤓 Inside Scoop...

The

Producer Price Index (PPI)

is another important indicator for economists tracking

inflation

. Inflation is the rate at which things get more expensive. Unlike the

Consumer Price Index (CPI)

, which looks at a set basket of stuff your average consumer spends money on and tracks how much it costs each month, the PPI tracks the prices of wholesale goods - like how much Ford pays for the tires it installs in its cars before selling them to you. The rate of change in those prices is inflation. Prices rarely decline. Inflation, aka rising prices, is only a problem when it's really fast. It's really fast right now. Business supply costs increasing by 8% per year is not manageable.

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