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Daily Scoop 22-3-29

Daily Scoop 22-3-29

👋 Your Tuesday Scoops - Disney vows Don't Say Gay repeal & another Starbucks union

March 29, 2022

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Today's Scoop:Cruising

Big Picture

There are plenty of open jobs.
Consumers are feeling more confident.
Home prices are soaring.

The Market:

⬆️

+1.2%

S&P 500: 4,631.60

1Mo: +8

| 1Yr:

+17%

| 5Yr:

+96%

Markets continued the positive momentum today with optimism around the Russia-Ukraine peace talks.

Consumers are more confident

than they were last month. The Conference Board's consumer confidence index rebounded from a one-year low due to elevated optimism about available jobs.

There are plenty of jobs.

The Labor Department reported an increase in people quitting their jobs last month, and job openings are still near record highs. There are

1.8 open jobs for every unemployed person

in the US.

Home prices are still soaring.

As of January, S&P CoreLogic reported home prices had increased 19% over the past year.

Company Scoops ❤🌎💰

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

Disney

vows to repeal Don't Say Gay bill

Sony

PlayStation pumps up streaming

FedEx

founder resigns from CEO

Volkswagen

gives up on globalization

Starbucks

workers form another union

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

🤓 Inside Scoop...

Geopolitical events like

war, elections, or diplomatic conflict

can often bring fear and

volatility

to the market in the short term. However, investors are always trying to identify any underlying long-term financial consequences. This geopolitical conflict's main financial or economic concern is

whether the global economy can handle more global trade disruptions at a fragile time

in the recovery. From oil to shipping or financial transactions, trade disruptions can lead to higher inflation.

High inflation

is the primary concern for investors at the moment.