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Daily Scoop 22-3-21

Daily Scoop 22-3-21

👋 Your Monday Scoops - Wells Fargo racial inequity & Boeing crashes again

March 21, 2022

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Today's Scoop:Paused

Big Picture

Interest rates are rising on your debt.
Oil prices are climbing.
Policymakers are worried about inflation.

The Market:

⬇️

-0.04%

S&P 500: 4,461.18

1Mo: +4

| 1Yr:

+13%

| 5Yr:

+90%

Markets shuffled around today after significant gains last week. The war in Ukraine continues with

little progress on peace talks.

The Chairman of the Federal Reserve, aka the Central Bank, admitted today for the first time that he thinks,

"inflation is much too high

The Fed last week announced an

end to its supportive policies aimed at stimulating the economy

and started raising interest rates to make it incrementally harder to borrow. The plan is to slow economic activity a little to prevent prices from rising even faster.

Oil prices jumped

today on word that the European Union might join the US in

banning Russian oil imports.

Company Scoops ❤🌎💰

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

Wells Fargo

is rejecting Black applicants

Boeing

plane crashes with 132 onboard

Starbucks

looks for old solutions to unionization

Ford

finds a partner to ramp up EVs

Citi

offers to pay for abortion travel costs

(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 stocks, perhaps with more consistent profits and 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.