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Daily Scoop 8-16

Daily Scoop 8-16

👋 Your Monday Scoops - Apple's new photo tracking & a slowdown in China

August 16, 2021

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Today's Scoop:Shrugs ¯\_(ツ)_/¯

Big Picture

Covid spikes & severe flooding are disrupting the Chinese recovery.
Major U.S. corporations have officially doubled in size since March 2020.
Price increases and delivery delays are still a problem for major manufacturers.

The Market

⬆️

+0.3%

S&P 500: 4,479.71

1Mo:

+5%

| 1Yr:

+32%

| 5Yr:

+105%

Underwhelming economic data from China & lower manufacturing sector confidence worried investors this morning, but not for long. Markets surged to new records. The S&P 500 is now double its March 2020 lows, the fastest surge since WWII. Chinese retail sales and manufacturing production rates came in way below expectations for the month, affected by reestablished covid restrictions and severe flooding. US manufacturers are reporting some of the worst delivery delays in history for supplies.

Company Scoops ❤🌎💰

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

Airbnb's

sustainable tourism

Disney's

coming for Netflix

Apple

battles child porn

Exxon's

renewable energy shift

Tyson Foods

boosted pay

🤓 Inside Scoop...

The Federal Reserve, aka the Central Bank, controls the whole money system. It's their job to make sure the financial pipes are flowing smoothly, stimulating economic activity when times are tough and restricting it when there's a risk of overheating. When you hear about them tapering their bond-buying program, that means they're cutting back on their stimulus measures. They buy bonds to pump more money into the system.