July 5, 2022 10:28 am

A new social media platform Truthbook.social built by the people for the people, a force for good.

US Stocks Suffer Longest Losing Streak Since the Great Depression

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

US Stocks Suffer Longest Losing Streak Since the Great Depression

By RT News

The latest decline leaves the Standard & Poor’s 500 down 20% from its peak, and the Dow has dropped another 600 points.

US stocks were hammered again on Friday, pushing Wall Street into bear market status amid inflation and recession fears and leaving investors on their longest losing streak since the Great Depression by at least one key measure.

The Standard & Poor’s 500 index fell as much as 2.3%, leaving it 21% below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020. The S&P is considered the most accurate measure of US stock market performance, as it’s broader-based than the 30-member Dow Jones Industrial Average, which is made up entirely of blue-chip securities.

The Dow slid as much as 617 points, down 2% on the day and 16% year to date. The blue-chip index was on pace to cap a weekly decline of more than 4%, marking its eighth straight weekly drop and the longest such losing streak since 1932, according to Dow Jones Market Data. That year marked the Dow’s lowest point of the Great Depression.

The Nasdaq Composite is in even deeper bear-market territory than the S&P, down 30% year to date and 32% off its peak level. The Nasdaq fell as much as 352 points, or 3.1% on the day.

“Now that the S&P is down over 20% it is officially in a bear market,” economist Peter Schiff said. “But the bear market didn’t start today. It started on January 4, when the S&P hit its high. We’ve been in a bear market ever since. It’s just that investors have been in denial. This bear will be extremely fierce.”

Former Goldman Sachs chief executive Lloyd Blankfein warned earlier this week that the US economy was at a “very, very high risk” of sliding into recession. Inflation is at a 40-year high, and the nation’s central bank is pushing interest rates higher to help restore price stability.

“The process of getting inflation down to 2% will also include some pain, but ultimately the most painful thing would be if we were to fail to deal with it and inflation were to get entrenched in the economy at high levels, and we know what that’s like,” Federal Reserve Bank Chairman Jerome Powell said last week.

Only one bear market in the past 50 years wasn’t accompanied by a recession, and that Wall Street crash came in 1987. President Joe Biden has blamed the inflation crisis largely on Russia’s military offensive in Ukraine, but the US began to experience runaway price increases in early 2021, nearly a year before the conflict in Eastern Europe began.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

Jamie McIntyre
TruthBook.social Videos

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.10 on Azbit

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset and help us expose the Covid Fraudsters

just $5 a month helps

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY