Stock futures are looking even worse on Thursday. This comes after the stock market had its worst day since June 2020.
Stock futures were under pressure again on Thursday with the S&P 500 on the brink of a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession.
S&P 500 futures dropped 1.1% a day after the benchmark closed at 3,923.68, or 18.6% below its intraday record reached in January. It also sits around 18% below its record closing level. A close of 20% or more below its all-time high would mark a bear market, its first since the March 2020 pandemic sell-off.
Steve Bannon issued a warning about it on GETTR:
Prepare for Impact …horrible days ahead …. The Regime cuts a path of destruction through America’s hard earned wealth
Please ensure that every friend , colleague, church member, family , extended family, club member etc etc etc hears from you that this is a ‘Created Crisis’ brought on by a combination of policy decisions and mismanagement of the Illegitimate Biden Regime …
So many more people will be open to your message as they see all the hard work in their lives be swept away by an incompetent, reckless, remote and uncaring Elite
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.Â
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