The Pulse on the Economy and Capital Markets: Oct 18 – Oct 22, 2021|
Reading Time: 2 minutes
At a glance:
- Overall equity markets remain strong with companies’ earnings driving the upwards momentum.
- With roughly 25% of S&P 500 companies reporting earnings, nearly 80% of companies are doing better than expected.
- Digital advertisers hit a major roadblock due to Apple’s recent iOS switch to require all uses to opt-in to ad tracking.
- The costs for homes are increasing government inflation with the CPI over 30 percent. A key factor in higher rental rate is low inventory.
- Last week the first-ever bitcoin-derivative ETF launched with a buy-and-sell frenzy causing the price of bitcoin to decline shortly after.
- Meanwhile, we are reading about how ESG gains could buy better terms in insurance programs, Apple’s ad changes wiped out $142 billion off online ad giants.
- ESG Gains Could Buy Better Terms in Insurance Program
- Apple’s Ad Changes Wiped $142 Billion off Snap, Facebook, and Other Online Ad Giants
- YouTube is About to Pull its Apps from Roku, and the Fight is Going all the way to Congress
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