Daily Scoop 4-22

The Scoop we deserve

 Today's Market: Nervous  S&P 500 Index (aka The Market): 4,134.98⬇️-0.9% 

Investors started clutching their purses today on word of Pres. Biden's proposed tax increase on high-earners. Meanwhile, Republicans countered Democrats' $2.3T infrastructure bill with $568B, so everyone's getting along. 

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Reminder...

Economists use the weekly "Initial Unemployment Claims" from the Labor Dept. as a proxy for economy-wide layoffs. It's a measure of people who are filing to receive aid from the government for the first time after losing their job.

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