are all punishing stocks and raising fears about a possible U.S. recession. Compounding worries is how the superhero that’s flown to Wall Street’s rescue in the most recent downturns, the Federal Reserve, looks less likely to help as it’s stuck battling the worst inflation in decades.
“Whether or not the S&P 500 closes in a bear market does not matter too much,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. “A lot of pain has already been experienced.” “I think plenty of investors were scratching their heads and wondering why the market was rallying despite the pandemic,” Jacobsen said. “Now that the pandemic has hopefully mostly passed, I think a lot of investors are kicking themselves for not having gotten out on signs that the economy was probably slowing and the Fed was making its policy pivot.”
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Final-hour rally yanks Wall Street from edge of bear marketRising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.
La source: WTVYNews4 - 🏆 590. / 51 Lire la suite »
Final-hour rally yanks Wall Street from edge of bear marketRising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession. Rural Alaska doesn't care about this stuff. It's for the slave-like bureaucratic class. We've already weathered our recession & doing fine. Start covering news for rural AK or change your name. This isn't news. We can see that everyone in town is horrible at economics ourselves.
La source: AKNewsNow - 🏆 460. / 53 Lire la suite »
Final-hour rally yanks Wall Street from maw of bear marketNEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. Let’s go someone Republicans shut down the economy in 2020 Republican Recession in 2020 Pandemic 2020. Republican Recession 2007. It is exhausting. History does repeat. An aggregate of -889 points in the past 5 days.
La source: AP - 🏆 728. / 51 Lire la suite »
Wall Street ominously near a bear market at the end of a rough weekThe index finished the week with a 3 percent loss making it the seventh straight week of declines. It is the index's longest stretch of losses since 2001. Since World War II, recessions almost always follow bear markets. Definitely Putin’s fault and the covid pandemic of course. Nothing to do with Democrats wasteful spending and poor decision making. Not to mention their corruption.
La source: DenverChannel - 🏆 239. / 63 Lire la suite »
Asian stocks rise after China cuts key rate, Wall Street edges closer to bear marketAsian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. Check the markets…everything up, for now!! Stop with your doom mongering
La source: MarketWatch - 🏆 3. / 97 Lire la suite »