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Daily Scoop 8-18

Daily Scoop 8-18

👋 Your Wednesday Scoops - T-Mobile's hacked SSN's & Home Depot vs. BLM

August 18, 2021

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Today's Scoop:Tantrum

Big Picture

Policymakers are considering dialing back stimulus measures.
Fewer homes are getting built due to supply constraints.
Workers are demanding better conditions amidst the labor shortage.

The Market

⬇️

-1.1%

S&P 500: 4,400.27

1Mo:

+3%

| 1Yr:

+30%

| 5Yr:

+101%

Markets tumbled this afternoon once investors found out that the Federal Reserve might slow down the economic stimulus. The policymakers have been monitoring economic conditions and mentioned they are happy with where inflation is and with the recovery of the jobs market. The Federal Reserve has been buying bonds from financial institutions to pump money into the system. Now, it's considering slowing the rate of money pumping sometime this fall. The number of housing starts fell in July by 7%, meaning fewer homes are getting built.

Company Scoops ❤🌎💰

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

T-Mobile

Mondelez's

Home Depot

PG&E's

Lowe's

🤓 Inside Scoop...

The Federal Reserve, aka the Central Bank, stimulates the economy in two main ways. It lowers interest rates to make it easier for companies and consumers to borrow and spend and invest. It also "prints" money by buying bonds with money that it essentially speaks into existence. When it thinks the economy doesn't need as much support, it slows down the money printing and then starts raising rates back to normal.