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.
How long is America going to put up with this? It’s not ok. Even if you are a Democrat there is no plausible excuse for this. Stocks Tumble into the Worst First Half in over 50 years https://t.co/wIyi1CMuvp
— LadyConstance (@LadyConstance8) June 30, 2022
“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.
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.
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. pic.twitter.com/fgIdXlFntj
— Charlie Bilello (@charliebilello) June 21, 2022
Headed toward its fourth monthly loss of the year, Wall Street includes a growing number of voices concerned over a coming recession.
Stock indices on Wall Street mostly ended low on Wednesday after another day of trading. The market is heading for its fourth monthly loss this year. The S&P 500 ended a 0.1% decline after shifting between small gains and losses.https://t.co/Y4TdOrZ0Ic pic.twitter.com/VRJnPQLO1s
— FINANCE BROKERAGE NEWS LTD (@financebrokerag) June 30, 2022
The market may be down but coming elections may make a big difference as a new red wave is being anticipated in November.