Stocks fall on Thursday with the S&P 500 on track to close out worst first half in decades

CNBC ^ | 6/30/2022 | Tanaya Macheel

[Tell It Right]

Stocks fell sharply Thursday, as the S&P 500 caps off its worst first half in more than 50 years.

The Dow Jones Industrial Average shed 348 points, or 1.1%. The S&P 500 slid 1.2%, and the Nasdaq Composite pulled back by 1.6%.

[Tell It Right]

I'm so old I remember the S&P 500 experiencing a covid crash to drop 30% YTD by March 23 ... only to rise back up so quickly it was positive YTD by June 8 (a quick two and a half months later).

The S&P 500 is currently down 20.5% YTD, even after accounting for dividends. Elections have consequences. Stolen elections can devastate a country.

[ConservativeInPA]

Worse since 1970.

I don’t want to go thru the 70’s and early 80’s again.

The stock market is just one sign of things to come. Government has so eff’d things up it is difficult to compare statistics from the 70’s to today. I do know that with a little derivation we can make meaningful statistics to understand what is occurring. For instance, if you separate inflation line item inflation rates for just fuel for you car and home, utilities and food we have an inflation rate of 25%. That’s just the stuff that to survive. When the vast majority of the population is living paycheck to paycheck things are going to get every ugly.

[avital2]

it’s the end of the institutional quarter so can be volatile - what they don’t want to be seen owning on this quarter’s report could very well get bought back very soon to be in play for next quarter’s results.

[Ann Archy]

Let’s Go Brandon!!

[FLT-bird]

Mark this as another thing Trump was right about.

[M_Continuum]

My wife and I have survived possibly a half dozen or so of these economic times. Once the markets admit we are in it, track and find the date it actually began, markets will begin to go up. A lot of new variables this go round we haven’t seen before. But there will be a buying opportunity.