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Daily Scoop 5-10
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The Scoop Du Jour: Mixed Energy
The Market (S&P 500): 4,188.43⬇️-1.0%After setting new records last week, the market kicked Monday off on a pessimistic note. Investors are concerned about rising prices becoming an issue across multiple industries for different reasons from cyber attacks on pipelines to higher demand for construction materials.Company Headlines
More jobs, but fewerDeaths at the warehouseCrypto profitsSlashing payInstagram for kids
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Reminder...
Investors can sometimes turn pessimistic about technology and high-growth companies when they're worried about inflation. If prices are rising and dollars are losing purchasing power, that means that profits are also worth relatively less. When you're investing in growth companies, you're promised a share of profits further into the future. Inflation has more time to eat away at those profits.
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