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Daily Scoop 22-1-20

Daily Scoop 22-1-20

👋 Your Thursday Scoops - Peloton's in crisis & Starbucks back-tracks on vax

January 20, 2022

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Today's Scoop:Faded

Big Picture

Layoffs are rising again.
People sold homes a lot of homes last year, very quickly.
Interest rates are on the rise.

The Market

⬇️

-1.1%

S&P 500: 4,482.73

1Mo:

-4%

| 1Yr:

+16%

| 5Yr:

+95%

Markets started the day with optimism but sank into the afternoon.

Layoffs have been inching back up

in recent weeks, showing some signs of the omicron wave affecting the economy. The Labor Department reported initial weekly unemployment claims, a proxy for layoffs, increased by 55,000 last week to 286,000, the most in months.

The National Association of Realtors reported

6.12 million homes sold last year, the most in 15 years

. The median

homes sold within a week

, and

home prices hit record highs

throughout the year.

Corporate financial updates have been solid so far.

Company Scoops ❤🌎💰

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

Starbucks

walks back its vaccine mandate

JPMorgan

boosts analyst salaries again

Peloton's

in crisis mode

United Airlines

is still battling omicron

American Airlines

is still below altitude

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

🤓 Inside Scoop...

Earnings season is all about getting a peek under the hood of our favorite companies. Public companies are required to report on their financial health every quarter. Investors care most about earnings, aka profits. For many companies, these are the only news updates we get over the course of the year unless something significant happens. Keep in mind that three months is a small slice of a company's lifetime, and treat these updates like the general news they are.