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Daily Scoop 22-1-24

Daily Scoop 22-1-24

👋 Your Monday Scoops - Taco Bell Business School & Google's sketchy ads

January 24, 2022

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Today's Scoop:Bounce

Big Picture

Business activity slowed significantly in January from omicron.
Crypto markets tumbled over the weekend.
Interest rates are on the rise.

The Market

⬆️

+0.3%

S&P 500: 4,410.13

1Mo:

-8%

| 1Yr:

+14%

| 5Yr:

+92%

Markets abruptly reversed from steep declines today to end the day positive. Investors have been

worried about the policymakers cutting back stimulus too quickly

, pushing up rates, and throwing the economy into a slowdown, so they've been

selling their riskiest stocks & crypto

. Bitcoin prices dropped as much as 8% over the weekend, down 25% for the year.

Business activity indicators are showing a significant slowdown due to omicron

. The IHS Markit flash Composite Purchasing Managers Index (PMI) came in far worse than expected at 50.8, down significantly from December. A reading above 50 indicates economic expansion, but manufacturing and services managers indicate

severe supply-chain delays and staffing shortages.

Company Scoops ❤🌎💰

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

Twitter

rolled out NFT profile pics

Taco Bell's

starting its own business school

Netflix

faces heavy competition

Disney's

ramping up international content

Google's

been misleading advertisers for gain

(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 assets, perhaps with more consistent profits or 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.