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Thread: S&P 500 heads to worst first half since 70s as recession fears loom

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    Default S&P 500 heads to worst first half since 70s as recession fears loom

    Consumer inflation rose 8.6% in May, a fresh 40-year high

    Stocks are about to turn in the worst first half in fifty years when the second quarter wraps on Thursday as inflation sits at a 40-year high.

    The S&P 500, the broadest measure of stocks, is down nearly 18% this year the worst since 1970, as tracked by Dow Jones Market Data Group. That makes 2022 the fifth-worst half performance on record.

    Stocks are falling as the possibility of a recession rises.

    "I think there is a very real risk of a recession, it is perhaps inevitable we do have an economic downturn before 2024," said John Lonski, president of economic forecasting firm Thru the Cycle.

    https://www.foxbusiness.com/markets/...lf-since-1970s

    Thank you Democrats!!
    Doc Dutch finally admits he is a steaming pile of chickenshit!

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    Bigdog (06-28-2022), Matt Dillon (06-28-2022)

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    Democrats don't know how to run a country.
    IMPEACH 46 FOR TREASON
    Biden/Harris 2024
    IT'S A NO BRAINER!


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    Quote Originally Posted by ExpressLane View Post
    Democrats don't know how to run a country.
    Yeah, it's all well and fine with their feely-good general platitudes until their bullshit hits the high-velocity fan of reality.

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