Biden Breaks 50 Year Record
Goodness gracious.
The stock market continues to take a pounding with President Biden behind the wheel of the United States economy.
According to Breitbart, the stock market fell to the worst first half in over 50 years.
For the fourth consecutive time the S&P 500 dropped by 0.9 percent. The benchmark index now sits at 21% below it’s all-time high at the beginning of the 2022 year putting the stock market into a bear market officially.
The S&P 500′s performance is now the worst it has ever been since the 1970’s!
What’s even worse is that Ally Invest’s Lindsey Bell believes things WON’T rebound like they did in the 1970’s, Bell explained, “And in 1970 there was a solid rebound after that first half decline. This time around, the impact of the Fed, the impact of inflation and the uncertainty of where growth goes from here is really weighing on investors’ minds. … We just don’t know when the clouds of uncertainty are going to start to clear.”
It is unclear what will happen in the second half of the 2022 year when looking at current position the stock market, however President Biden hasn’t lived up to his promises yet.
