Stock in the Mud

Plus: This Week's Featured Place: Washington, DC

Photo by Maria Oswalt on Unsplash

Inside this Issue:

• Share Bears Everywhere: Another Bleak Week for Stocks

• The Prices Crisis: Inflation Somewhat Abates, but Hardly Enough to Stop Raising Rates

• Travails from the Crypt: Blockchain Pain in Crypto-Land

• Sore Arms: Weapons Makers Not Immune to Supply Chain Pain  

• Fannie Are You O.K.? The Latest from a Mortgage Market Goliath 

• Past Words: An Effort to Make Passwords Extinct

• Vertical Disintegration: A Unique Theory on Why Productivity’s Been Dreary

• And This Week’s Featured Place: Washington, DC, Capital Chill

Quote of the Week

“Every part of our business has been impacted by inflation. We experienced higher costs across our supply chain for all inputs from feed ingredients, live animals and other raw materials to cooking oils and basic supplies. We're also managing higher cost of labor and transportation due to robust demand, higher fuel costs and limited availability. 

-  Tyson Foods CEO Donnie King

Market QuickLook

The Latest

Yesterday, all their troubles seemed so far away. Now, investors are caught in a storm.

O

nce again, stock prices dropped last week, dragging the S&P 500 index down 13% from where it was in late March, and 4% below where it was this time last year. The tech-heavy Nasdaq Composite index is down nearly 30% from its highs last fall. The bloodbath is gorier still for pandemic darlings like Netflix, PayPal and even Moderna. What was hot in 2021 is cold in 2022. The party, alas, is over. A bubble now popped. Investors now nursing their wounds.