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.

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Super Tuesday and Re-Branding the Coronavirus

Super Tuesday Joe Biden took control of the Democratic Primaries last night on Super Tuesday.  Bernie Sanders was expected to win California which was supposed to maintain his lead even if Biden managed to close the gap somehow.  It looks like Bernie’s momentum ran out instead.  Joe Biden has taken the lead and it’s difficult to see where Bernie can make up ground.  It looks like markets are responding to this positively.  Who could have seen this coming?  (Just sayin’) Coronavirus It looks like the coronavirus may have been in the United States FOR WEEKS, according to analysis of the virus’s genomes.  Estimating initial infections at mid-January and an incubation period of two weeks, this indicates a strong probability that the cat is out of the bag.  This tells me two things.  One, while it is great to emphasize good hygiene and make the general population more aware of the…