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Daily Scoop 6-15
👋 Your Tuesday Scoops
Today's Scoop:Hold Music
Big Picture:
1) Inflation spiked for both consumers & producers in May.
2) Consumers spent less in May on products like furniture, cars, & electronics, but more on services like restaurants.
3) Policymakers are meeting this week to decide if they'll start rolling back stimulus measures.
The Market: ⬇️-0.2%
S&P 500: 4,246.59
1Mo:
+2%
| 1Yr:
+36%
| 5Yr:
+105%
Investors are waiting to hear from the Federal Reserve tomorrow whether they’ll start rolling back any of the stimulus measures. New reports today showed wholesale production inflation also spiked in May, but consumer retail purchases declined. No policy change is expected, but the mixed economic data’s created uncertainty.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Amazon's
American's
GM's
McD's
Activision's
🤓 Inside Scoop...
The Producer Price Index tracks inflation up the supply chain. As opposed to the Consumer Price Index, which tracks changes in the prices of things we consumers buy, PPI measures how much prices change for the intermediate supplies businesses buy to produce their products.
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