My notes: If you invested in a simple S&P 500 index fund the day Commander-of-Cheat entered the WH, you'd be down about 1.3% , even after dividends.
The S&P 500 is down 21.5% from its Jan 3, 2022 ATH. The stock market could use a few mean tweets about now.
And as posted by John W at https://freerepublic.com/focus/f-news/4078067/posts, CPI inflation is 9.1%!! Elections have consequences. Stolen elections even worse.
My prediction of a 45% drop in the Dow Jones 30 Industrials and S&P 500 from ATH by the end of September 2022 is still on.
Socialist Democrat policies.
Turnning America into the same type of socialist hellholes many Latinos fled from!
Honestly, I’m a little surprised it hasn’t dropped more.
hotter-than-expected
*Drink*
The dems set out to destroy Trump’s successful economy. They are happy to see inflation go up because it destroys one’s life savings, and to see the markets go down, because they hate capitalism.
biden did this!
Brandon will blame this on Putin.
The day is not over. Bargain hunters.
Good news for I bond investors.
Everything is down except PFE Pfizer. Must be the new Jab and the new Pfizer-Mectin “Paxlovid” loved by the investment brigade.
When you strangle the energy supply of a nation, its economy weakens and contracts. Eventually the stock market reflects that reality. Then if you print dollars , you get stagflation. If inflation were factored, the true value of equities are on average 3% lower than they were in 2020 despite COVID. Unless the lunatic energy policies are reversed the economy will worsen.
Record credit card debt and bond rates inversion, too. Keeping up with the Jones is getting nearly impossible.
CPI inflation is 9.1%!!
***********
The government manipulated CPI is 9.1%.
Imagine what it really is.
Monday, Charles Payne (Fox Biz) predicted “a 9 handle” for the inflation number, and asked about the implications.
The way things are now shouldn’t BAD NEWS cause the markets to soar?-)
Welcome to 1970s style STAGFLATION.........
There are a record number of “reverse repos” on deposit with the fed. That means there is a TON of cash parked.
That cash can also be used to prop up the stock market to prevent a huge crash.
And remember, this number is the accumulation of the previous years months. It is including lower numbered month’s so the actual real time inflation is considerably higher. I do think we will see 10 - 12% this fall/winter. And, today was reading about pretty severe drought conditions in the Midwest. Food prices are going up more. People will be hurting.