Market Had Worst First Half In 50 Years

Joe Biden’s economy is a complete disaster.

The Stock Market just had its worst first half since the 1970s – 50 years ago.

From CNBC:

A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation.

The cost of living started the year running at levels the U.S. had not seen since the early 1980s.

Worse, Federal Reserve officials, armed with full-year forecasts of “transitory” inflation that now seem almost comically inaccurate, fell behind the curve, endangering a market and economy still fragile from the Covid pandemic.

Six months later, the damage has been severe if something short of catastrophic: An S&P 500 down nearly 20%, a symbol of how risk investing across the spectrum, from crypto to IPOs and even some areas of the commodities market, has collapsed.

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