Stocks drop to worst quarter loss since pandemic started

The stock market dropped again on Thursday as Wall Street wraps up its quarter with the worst since the start of the pandemic.

The concerns were reported in a dire report by Breitbart News on Thursday.

The drop

“All told, the S&P 500′s performance in the first half of 2022 was the worst since the first six months of 1970,” the report noted.

“‘And in 1970 there was a solid rebound after that first half decline,’ said Lindsey Bell, chief markets and money strategist at Ally Invest.

“‘This time around, the impact of the Fed, the impact of inflation and the uncertainty of where growth goes from here is really weighing on investors’ minds. … We just don’t know when the clouds of uncertainty are going to start to clear,” she added.

Bonds too

In addition to the stock market, bonds have dropped 18% year-to-date in a concern compounding problem that did not exist at the same level in 2020.

“A 60/40 portfolio of US stocks and bonds is now down 18% year-to-date. The biggest full-year decline with data going back to 1977 was -20% in 2008,” Charlie Bilello, founder and CEO of Compound Capital Advisors, wrote.

Headed toward its fourth monthly loss of the year, Wall Street includes a growing number of voices concerned over a coming recession.

The market may be down but coming elections may make a big difference as a new red wave is being anticipated in November.

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