This is historic. To be one of the top five worst years EVER for the S&P 500, it will have to have more than -25.1% for the year. As we sit here right now it is at -26.74% YTD. So we have a real chance of one of the worst years in the history of the market. That should be big news. The media is really downplaying it.
Four of the top 5 worst years were in the Great Depression decade. So that is the territory we are entering. No way this level of market decline doesn’t start to impact the broader economy in a big way.
I’d like to hear more republicans pointing out that this economic collapse is intentional democrat POLICY.
As with Covid, they are destroying countless lives to advance their agenda. Not enough voters understand that.
“ That should be big news. The media is really downplaying it.”
Even when one of the disinformation media outlets does report it, CNBC uses the word “hotter” to describe inflation. Hotter is usually used to mean something is getting better. These headline writers are word experts and know exactly why they use that misleading word in the headline.
If Trump were in the WH with an approaching election, all these economic catastrophes would be leading the news every night.
A few more months like that and we might start heading into a recession.