BIDEN ECONOMY: DOW & S&P 500 Record Worst April Since 1970
Apr 30, 2022 13:43:37 GMT -5
Post by schwartzie on Apr 30, 2022 13:43:37 GMT -5
BIDEN ECONOMY: The DOW and S&P 500 Record Worst April Since 1970
By Joe Hoft
Published April 30, 2022 at 10:20am
The Biden economy just keeps getting worse. It’s so bad that the performance appears to be intentional. This latest market results are horrific. And the economic numbers are only getting worse.
We saw what Biden did with Afghanistan. He gave the Taliban that country along with $84 billion in military equipment and arms. Now Biden is destroying the economy like he did with foreign affairs.
The markets are imploding because of Biden’s policies of spending the US into oblivion and making the country dependent on other countries for oil and gas again like under the Obama years. Biden’s policies are showing in the markets.
Market Watch reports:
Stocks slumped anew in volatile April trade, marked by large daily and intraday swings. The Dow Jones Industrial Average DJIA, -2.77% plunged 4.9% in April, while the S&P 500 shed 8.8% and the Nasdaq Composite COMP, -4.17% tumbled 13.3%. It was the biggest monthly percentage declines since March 2020 for the Dow and S&P, and the largest for the Nasdaq since October 2008.
It was the worst April performance for the Dow and S&P 500 since 1970, and the biggest April drop for the Nasdaq since 2000.
Stocks fell as investors digested mixed results from formerly highflying tech companies. They also adjusted expectations around the Federal Reserve and the prospect of a series of outsize rate increases and an aggressive wind-down of the central bank’s balance sheet as it attempts to rein in inflation running at its hottest in more than 40 years.
In addition, the markets fell again into correction territory.
Continued at link
By Joe Hoft
Published April 30, 2022 at 10:20am
The Biden economy just keeps getting worse. It’s so bad that the performance appears to be intentional. This latest market results are horrific. And the economic numbers are only getting worse.
We saw what Biden did with Afghanistan. He gave the Taliban that country along with $84 billion in military equipment and arms. Now Biden is destroying the economy like he did with foreign affairs.
The markets are imploding because of Biden’s policies of spending the US into oblivion and making the country dependent on other countries for oil and gas again like under the Obama years. Biden’s policies are showing in the markets.
Market Watch reports:
Stocks slumped anew in volatile April trade, marked by large daily and intraday swings. The Dow Jones Industrial Average DJIA, -2.77% plunged 4.9% in April, while the S&P 500 shed 8.8% and the Nasdaq Composite COMP, -4.17% tumbled 13.3%. It was the biggest monthly percentage declines since March 2020 for the Dow and S&P, and the largest for the Nasdaq since October 2008.
It was the worst April performance for the Dow and S&P 500 since 1970, and the biggest April drop for the Nasdaq since 2000.
Stocks fell as investors digested mixed results from formerly highflying tech companies. They also adjusted expectations around the Federal Reserve and the prospect of a series of outsize rate increases and an aggressive wind-down of the central bank’s balance sheet as it attempts to rein in inflation running at its hottest in more than 40 years.
In addition, the markets fell again into correction territory.
Continued at link
