The U.S. Stock Market Is Very
Unstable Under President Joe BidenOctober 13. 2022
Joe Biden
I do not like to use the stock
market as a gauge for political success, after
witness fraudsters like, Bernard Madoff, among
others, rip off innocent people and manipulate
prices. However, when the numbers will not
stabilize, it indicates there is a problem. People
are not investigating as much because they are
broke. These market crashes have wiped out some
people as well.
Reports indicate U.S. stock funds
are down 20% this year. President Joe Biden has been
touting his alleged, unprecedented economic growth,
but the data across the board is showing financial
failure (America Is In A Housing Recession
But President Joe Biden Is Still In Denial About The Terrible State Of
The Economy).
The wall Street Journal reported,
"The average U.S.-stock mutual fund or
exchange-traded fund is down 17.3% for the year to
date, through August" and "The S&P 500 and Dow Jones
Industrial Average both fell just over 4% in August,
mainly because of the end-of-month declines tied to
the Fed; the Nasdaq Composite Index fell closer to
5%. Inflation is a bit like the bogeyman from horror
movies—persistent and resilient.'"
STORY SOURCE
U.S.-Stock Funds Are Down 17.3% So Far in 2022
Updated Sept. 4, 2022 10:00 am ET -
Fund investors might have to concede that 2022 will
be forgettable. The average U.S.-stock mutual fund
or exchange-traded fund is down 17.3% for the year
to date, through August, according to Refinitiv
Lipper data. That includes a 3.5% average decline in
August, reflecting the stock market’s reaction to
Fed Chairman Jerome Powell’s comments that the
central bank will keep raising interest rates to
fight inflation, despite recession risk.
The advice for fund investors is, of
course, to maintain a long-term view. It is unlikely
that the stock market—and accordingly, the average
stock fund—will be able to post a gain for all of
2022. Meantime, the market’s movements will be all
about the Fed and inflation.
The S&P 500 and Dow Jones Industrial
Average both fell just over 4% in August, mainly
because of the end-of-month declines tied to the
Fed; the Nasdaq Composite Index fell closer to 5%...
https://www.wsj.com
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