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- Daily Scoop 22-5-5
Daily Scoop 22-5-5
👋 Your Thursday Scoops - a new Tinderverse Captain & Unilever leaves kids alone
Today's Scoop:Shook
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Big Picture
Markets are having their wildest week since March 2020.
Homes are unaffordable.
Policymakers are rolling back stimulus.
The Market:
⬆️
-3.6%
S&P 500: 4,146.87
1Mo:
-7%
| 1Yr: -1
%
| 5Yr:
+73%
Markets had their
worst day since the pandemic crash
, immediately following the best day since then. It's a wild week. Investors can't decide
whether they think the Fed will be able to calm inflation without crushing growth.
Yesterday, the Federal Reserve released its plan to continue
returning economic policy back to normal
from the emergency stimulus mode. They started raising interest rates more quickly and announced plans to reduce the amount of money in circulation, both of which would slow economic activity. By making it more expensive to borrow money, the Fed incentivizes businesses and consumers to spend less.
The Fed hopes that slowing borrowing and spending will slow inflation.
This effect's
already working in the housing market
as high rates eat into demand. Mortgage rates notched decade-highs of over 5.5% for a 30-year fixed-rate loan this week, and a Gallup poll reported the number of Americans who think it's a good time to buy a home reached a record low.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Unilever
-
Meta Platforms
-
Match
-
Etsy
-
Ford's
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Earnings season
is full of "
beats
" and "
misses
." The news reports refer to whether the company reported more or less profit/revenue/whatever for the quarter than investors expected.
Wall Street Analysts
make projections, and then media outlets will compare the reported financial figures to the average of the Analysts' expectations. Having a tiny bit more or less revenue or profit than the average of a range of expectations isn't typically something to worry about, especially when it's only three months of a company's lifetime. The important stuff is the context from the company and whether the company feels confident about the future.
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