Stringfellow Hawk
Member
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/sp-worst-first-half-since-1970s
Thank you Democrats!!
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/sp-worst-first-half-since-1970s
Thank you Democrats!!
