What the Media was Worried About – May 2022
I’m catching up. May had fewer headlines, but they were pretty huge. Page One Leak from the Supreme Court that they will overturn Roe vs Wade, making abortion a state issue, not federal. Economy/Markets Federal Reserve raises rates 0.75% (huge raise). Equity markets rally 3% on the day. Bank of England sees 10% inflation by the end of 2022 Markets crash. Bear market intraday, but not official as it did not close down 20% from highs. S&P 500 streak of 7 straight down weeks finally breaks. Other monkeypox is a thing. PS Just when we thought SCOTUS was once again a bastion of decorum and collegiality, bam. I’m sure it all blows over by June, right? Ok, the media worrying kicks back into high gear next month: ESG, more inflation, and sriracha.