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  • Daily Scoop 22-3-28

Daily Scoop 22-3-28

👋 Your Monday Scoops - TikTok trauma & Microsoft bribery

Today's Scoop:Floating

Big Picture

  1. Interest rates are on the rise.

  2. The US jobs market looks strong.

  3. Washington wants to tax billionaires more.

The Market: 

⬆️

+0.7%

S&P 500: 4,575.52

1Mo: +6

%

 

| 1Yr:

+15%

| 5Yr:

+94%

Markets continued the positive trend today without a significant narrative shift. Peace talks are set to resume between Russia and Ukraine.

Policymakers are focused on controlling inflation.

Last week, the Federal Reserve Chairman hinted at a willingness to raise interest rates back to normal more quickly.

Expect higher mortgage rates.

The US jobs market looks strong.

Last week, the Labor Department reported the

lowest initial unemployment claims in over fifty years.

The White House is proposing new legislation called the "

Billionaire Minimum Income Tax,

" which would require any household worth over $100 million would have to

pay a guaranteed minimum 20% tax

on their income or unrealized gains.

Company Scoops ❤🌎💰

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

TikTok

-

Microsoft's

-

Ford

-

Apple

-

Netflix

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

🤓 Inside Scoop...

Market fluctuations are totally normal. When you see the market move more than 2% in either direction on a given day, that's notable. Money moves back and forth between different types of investments as traders shift from higher risk to lower risk positions.

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