Daily Scoop 22-3-3

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Today's Scoop:Worried

Big Picture

1. Oil and wheat prices continue to climb.

2. The US jobs market keeps improving.

3. Automakers have given up on combustion engines.

The Market: 

⬇️

-0.5%

S&P 500: 4,363.49

1Mo:

-3%

| 1Yr:

+16%

| 5Yr:

+84%

Markets had another shaky day today as investors watched the invasion continue and commodity prices climb.

The

cost of wheat and oil hit the highest level in over a decade

. Russia and Ukraine make up a third of the global wheat supply.

The Labor Department reported a decline in weekly initial unemployment claims last week, indicating

fewer and fewer layoffs.

We'll get the official February jobs report tomorrow.

Despite the inflation concerns from disrupted trade,

the Federal Reserve has not changed its plans

. According to testimony from the Fed Chairman this week, they still plan to start raising interest rates slowly soon from the emergency levels back to normal and don't intend for any surprises.

Company Scoops ❤🌎💰

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

Apple

steps up Russian blackout

-

Toyota

ends relationship with Russia

-

General Motors

blocks Russia

-

Roku

silences Russian media

-

Ford

lays out an electric future

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

🤓 Inside Scoop...

Commodities and their prices can be very volatile and unpredictable. Commodities include things you extract from the ground, like oil and gold, or things you grow like wheat and pork. Since the logistics of buying and selling these things are more complicated than buying and selling a theoretical piece of a company, the financial market for these things can be pretty complex and challenging to predict. Supply chain disruptions, government regulations, and even weather changes can often be significant price drivers. Professional investors have a very tough time anticipating trends.

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