Daily Scoop 22-3-17

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Today's Scoop:Momentum

Big Picture

1. Fewer people got laid off last week.

2. New home construction is on the rise.

3. Interest rates are increasing.

The Market: 

⬆️

+1.2%

S&P 500: 4,411.67

1Mo: +

1%

| 1Yr:

+13%

| 5Yr: 

+88%

Markets continued the positive trend today.

Investors are happy with the Fed's plan to move away from emergency stimulus mode.

The Fed announced yesterday that it is

shifting from super-supportive economic policy back to normal conditions.

It plans to slowly

increase the floor for interest rates

by 0.25% seven times this year to make borrowing slightly more expensive. Hopefully, that will slow down economic activity a bit and keep inflation from spiraling out of control.

The US jobs market is still looking strong.

The Labor Department reported a decline in layoffs, with 214,000 initial unemployment claims last week.

The Census Bureau reported the

biggest pickup in new home construction since 2006

in February.

Company Scoops ❤🌎💰

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

Instagram's

adding NFTs

-

Amazon

workers organize a walkout

- 

DoorDash

helps drivers with gas

- 

Walmart

goes on a hiring binge

- 

Spotify

buys FC Barcelona's stadium rights

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

🤓 Inside Scoop...

You might hear people talk about the Federal Reserve being

hawkish

or

dovish

. The Federal Reserve, aka the Central Bank, controls our money system. The Fed will take action to stimulate or restrict the economy to keep it running at a healthy pace. Policy

hawks

will be the ones who advocate for

tighter

or more restrictive action. Policy

doves

will be the ones who advocate for

looser

or more supportive and stimulative action. It's all relative, so one person could see a policy action as hawkish if they feel the economy needs more help. In contrast, another person could call the same policy dovish if they think the economy is overheating.

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