The Dow sank 825 points, or 2.7%, and the Nasdaq fell 4.3%.The broader S&P 500 fell 3.6%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory. Inflation and recession fears had eased somewhat at the end of May, and stocks regained some ground.
There's no sign that the job and housing markets are in danger of collapse, although both are cooling off somewhat.In an interview with CNN's Fareed Zakaria Sunday, former Fed Chair Ben Bernanke said a US recession remains possible. But Bernanke said he had faith that Powell and the Fed could achieve a so-called soft landing, the elusive outcome in which the central bank can cool the economy down to get inflation under control without slowing it down so much that it enters a recession.
Since the beginning of this year when was it not in bear territory. I have lost 45 percent of my investment.
I believe Putin has something to do with this.🤣🤣🤣🤣🤣
Well, time to build again