Today in the Market (6/27/2022)

Good Evening. Due to declines in technology stocks, U.S. stocks ended their choppy session lower on Monday. Major indices were unable to maintain the momentum from their rally last week.

The Dow Jones dropped 0.20%, and the S&P 500 dropped 0.30%. The Nasdaq also dropped into the red by 0.72%.


The digital trading platform Robinhood (HOOD) is reportedly being considered for acquisition by the cryptocurrency exchange FTX, according to a report published on Monday by Bloomberg. The report stated that FTX has not yet formally notified Robinhood of any such takeover, but added that FTX may ultimately decide not to proceed with a purchase.

A little more than a month has passed since Sam Bankman-Fried, the CEO and founder of FTX, disclosed purchasing a 7.60% stake in Robinhood for $648 million. This position was worth more than $513 million as of Monday’s close.

Following the Bloomberg report, Robinhood increased 14% to $9.12 per share on Monday, causing at least one trading halt due to stock volatility. By Friday’s close, shares of Robinhood had lost more than 55% of their value so far this year.


While economists debate whether there will be a recession in the coming year, the United States is stuck in an unfavorable stopover called stagflation. As the name suggests, this economic situation is characterized by rapid inflation and slowing or stagnant growth.

The U.S. economy shrank by 1.50% in the first quarter, and in May, consumer prices as a whole increased by 8.60%. Investors are becoming increasingly concerned about the Federal Reserve’s capacity to engineer a so-called “soft landing,” which prevents a recession while reducing inflation. Fed Chair Jerome Powell acknowledged the challenge this week in testimony before Congress.

Consumer sentiment data from the University of Michigan “suggests consumers are fearing stagflation,” according to economists at ING, who wrote about the report after it was released. Just 30.80% of households believe that income growth will outpace inflation over the next five years, causing damage to household finances. This is due to higher inflation’s squeeze on consumers’ purchasing power.

Stagflation is not only a threat to the American economy.

The World Bank earlier this month reduced its prediction for global growth this year from 4.10% to 2.90% and issued a warning: “The global outlook faces significant downside risks, including intensifying geopolitical tensions, a protracted period of stagflation reminiscent of the 1970s, widespread financial stress caused by rising borrowing costs, and worsening food insecurity.”


Earnings: Several merchants, including Nike and Bed Bath & Beyond, will release earnings this week.

Airlines: Airlines are working to reduce the flight delays and cancellations that have clogged their customer service lines thus far this summer, as the upcoming weekend is anticipated to be the busiest for airports since the Covid pandemic started.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?