Weekly Digest 5/16/22
Happy Monday, May 16!
Hope you all had a great Week 7. Please find below our SWS-curated round-up of interesting articles, resources, information, and opportunities related to real-world finance that may be useful to you!
Overall, global stocks are on the worst losing streak since the 2008 financial crisis. Analysts at Morgan Stanley and Citibank do not expect this trend to turn around in the near future due to high inflation, hawkish central banks, and slowing economic growth. Check out this Bloomberg article to learn more about the growing discussion around the chance of a recession.
Over the weekend, nearly two weeks after the leak of the Supreme Court opinion that could overturn Roe v. Wade, protesters across the country gathered to support abortion rights. Read this New York Times article to learn more about the rallies and the larger political implications of the SCOTUS opinion leak.
Last week, Netflix updated its culture guidelines, adding a new section called “artistic expression.” The section explains that it curates its content based on users’ preferences and suggests that employees should quit if they find it difficult to work on the content that they disagree with. For further reading on the effects of Netflix’s actions, check out this Wall Street Journal article.
Sweden and Finland are applying to join NATO. Finland’s Prime Minister said that this is because they can no longer trust that the country will have a “peaceful future” bordering Russia without an alliance with NATO. Learn more about these new potential additions to NATO in this Bloomberg article.
Walmart, along with other retail giants including Home Depot, Target, and TJX, will report Q1 earnings this week. This will be very telling in terms of how consumers have been responding to increasing inflation. Keep an eye out for news on Walmart’s earnings report tomorrow, and, in the meantime, check out this Investopedia article on what to look for.
Have a great week!
Cheers,
SWS Investment Committee