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- Daily Scoop 6-10
Daily Scoop 6-10
👋 Your Thursday Scoops
Today's Scoop:Peaking
Big Picture:
1) Prices surged in May to levels not seen since the 2008 crisis.
2) The stock market rose to new all-time highs.
3) Companies are getting serious about reducing emissions.
The Market: ⬆️+0.5%
S&P 500: 4,239.18
1Mo:
+2%
| 1Yr:
+41%
| 5Yr:
+105%
Inflation hit serious highs in May, spiking the most in a single month since the Financial Crisis. Investors didn't seem too concerned, as the market rose to new records. Meme stocks caught the eye of the SEC, who will be investigating recent trading activity. Fewer people got laid off last week than the week before.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Gamestop's
Shell's
TikTok
Campbells Soup
Tyson Foods
🤓 Inside Scoop...
The Federal Reserve, aka the Central Bank, controls the flow of money. When the economy needs juice, they create more money and lower interest rates to incentivize more lending and spending. When inflation gets too high, that means there's too much lending and spending for the given available resources. The Fed then raises interest rates and starts to shut down all the supportive stimulus measures. It's a natural part of the economic cycle, but no one wants to be at the end of the good times.
We'll dig deeper in our Sunday Market Mysteries Explained email. Refer one friend to make sure you're on the list.
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