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Daily Scoop 7-8

Daily Scoop 7-8

👋 Your Thursday Scoops - Dollar drugs & lithium

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Today's Scoop:Concerned

Big Picture

1) Countries continue to reinstate covid restrictions as the more contagious variant continues to spread.

2) More people got laid off last week than the week before.

3) Airlines are nearing pre-covid flight volumes again.

The Market

⬇️

-0.9%

S&P 500: 4,320.82

1Mo:

+2%

| 1Yr:

+37%

| 5Yr:

+100%

Markets fell today as investors lost some confidence in the economic recovery. Japan declared a state of emergency as the Delta variant drove a rise in covid cases. Experts are discussing the restoration of mask mandates and distancing restrictions for the fall. Layoffs ticked up last week. The Fed might roll back stimulus earlier than expected, but nothing certain yet. Treasury bond yields are sinking.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Dollar General

Amazon's

American Airlines

General Motors'

Chobani

🤓 Inside Scoop...

US Treasury bonds are little IOU's from the United States government. Governments and corporations can borrow money from thousands or millions of people at the same time by chopping up their debt into little, tradeable securities. The US Treasury bond with a 10-year lifespan, aka "The 10-year", "10-year T-note", or the "US 10-year Treasury Note", is the most commonly-tracked bond. People care about the price of that because it's seen as the safest, "risk-free" investment. If the price of that goes up, it means people want security.