The Pulse on the Economy and Capital Markets: September 6–10, 2021

At a glance

• Last week US stocks underperformed International, and stocks globally underperformed bonds as investors question upcoming earnings.  Stock investors have shifted to predictable industries such as utilities and technology.
• Spiking input costs are causing lost sales and potentially pinching margins as companies raise prices to try to mitigate the impact.
• Disappointing profits could cause markets to pull back temporarily in the months to come.
• We’re reading about the Epic Games ruling’s impact on Apple, Starbucks Howard Schulz’s funding of a small business education website, and we look back on the Heroes of 9/11 on the 20th anniversary.

Raelated resources:

• Epic Games Court Ruling Unlikely to Seriously Damage Apple’s Services Business
• Howard Schulz of Starbucks is funding a small business education website with hundreds of video lessons aimed at helping small businesses
• Saving Par: the 9/11 Story that Inspired Tom Brady
• The Amazing Heroism of Rick Rescorla

Disclosures

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