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Market Had Worst First Half In 50 Years

By PRSTAFF - June 30, 2022


Joe Biden’s economy is a complete disaster.
The Stock Market just had its worst first half since the 1970s – 50 years ago.

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WSJ: Markets Suffer Worst First Half of a Year in Decades

8:18 PM · Jun 30, 2022

From CNBC:

A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation.
The cost of living started the year running at levels the U.S. had not seen since the early 1980s.
Worse, Federal Reserve officials, armed with full-year forecasts of “transitory” inflation that now seem almost comically inaccurate, fell behind the curve, endangering a market and economy still fragile from the Covid pandemic.
Six months later, the damage has been severe if something short of catastrophic: An S&P 500 down nearly 20%, a symbol of how risk investing across the spectrum, from crypto to IPOs and even some areas of the commodities market, has collapsed.

Market Had Worst First Half In 50 Years (thepalmierireport.com)