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Daily Scoop 22-1-31

Daily Scoop 22-1-31

👋 Your Monday Scoops - Joe Rogan vs. Neil Young & Amazon unions

January 31, 2022

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Today's Scoop:Relief

Big Picture

Corporate profits are stronger than expected.
The Russia-Ukraine conflict is pushing oil and gas prices higher.
January was the worst month for the market since March 2020.

The Market

⬆️

+1.9%

S&P 500: 4,515.55

1Mo:

-6%

| 1Yr:

+20%

| 5Yr:

+97%

Markets continued the positive vibes from Friday but ended January down over -5% since the start of the year. January is typically a strong month in the markets, but this was the

worst monthly decline since March 2020.

Investors have been concerned about how quickly

policymakers will be removing economic stimulus measures

We're about one-third of the way through corporate fourth-quarter updates, and so far,

77% of companies have reported higher profits than investors expected

Limited natural gas and oil supply, combined with escalating concerns about the geopolitical tensions with Russia, the world's 2nd-largest oil producer, have continued pressure on oil prices.

Both natural gas and oil prices have been on a steady incline.

Company Scoops ❤🌎💰

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

Facebook's

giving up on its cryptocurrency

Amazon's

facing another union in Staten Island

Spotify

responds to Joe Rogan misinformation

Robinhood's

losing its popularity

Apple

wasn't fazed by supply issues

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

🤓 Inside Scoop...

Earnings season is all about getting a look under the hood of every public company. Except for the big, famous companies, there's not that much news about corporations on a daily basis. Investors get excited every quarter when companies are required to report on their financial health and answer investors' questions in the earnings call.