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  • Daily Scoop 22-11-23

Daily Scoop 22-11-23

👋 Your Wednesday Scoops - Violent Apple protests & Walmart employee shootings

Today's Scoop:Stuffed

Markets will be closed on the 23rd for the US holiday. We'll be back with your regularly-scheduled scoops on Monday.

Big Picture

  1. Policymakers are considering taking it easier on the economy.

  2. Inflation data keeps cooling.

  3. The economy is getting weaker.

The Market: 

⬆️

+0.6%

S&P 500: 4,027.261Mo: +6% | 1Yr: -14% | 5Yr: +55%

The market floated higher today following more signs of cooling inflation and encouraging words from policymakers.

Minutes from the Federal Reserve's last meeting indicated

policymakers are considering taking it a little easier on the economy

and slowing economic restrictions. The Fed's been ratcheting up interest rates faster than ever to make borrowing more expensive, slowing spending, and cooling economic activity to stop prices from rising so quickly. The process has doubled mortgage rates and tanked home buyer demand, sinking prices.

The Fed is considering slower rate hikes because the restrictions are working.

Economic activity is slowing, and inflation is cooling

. S&P Global's Purchasing Managers' Index indicated a contraction in the service and manufacturing sectors this month. S&P's survey also revealed the lowest prices paid since December 2020.

Company Scoops ❤🌎💰

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

Apple

-

Meta

-

Caterpillar

-

Deere

-

Walmart

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

🤓 Inside Scoop...

The

holidays

can be a particularly

volatile

time for markets. Despite seeming like a big machine, the market is driven by people. Fewer traders at their desks and fewer fund managers making investment decisions can have a tangible effect on the

volume

of stock traded each day. There can be wider swings in prices in a market with fewer participants. If you had a thousand people say what they would pay for a toaster, you would likely see many of the same opinions or slight differences in the middle of the range of price guesses. But, the more people you take away, the fewer overlapping opinions and wider the gaps in price estimates. That's what happens in the stock market - fewer available trades at the middle cluster means wider swings.

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