Post by jdv on May 25, 2022 15:14:10 GMT -5
THE ECONOMY continues to stutter & slow as multiple areas continue to sink.
Food, gas, and other essentials continue to skyrocket in price - many normal household products now essentially doubling in price since just 2 years ago.
That of course has rippled down to the stock market and housing sector as consumer confidence plummets:
"Dow and S&P 500 Looking at Worst Start to a Year Since 1970 – Nasdaq Looking at Its Worst Start Ever
Wednesday will mark the 100th trading day of 2022, a year that will likely be remembered for its historic market turbulence as the megacap tech stocks that had dominated the market for so long collapsed in what has been the most punishing retrenchment since the dot-com bust."
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Which is real bad if you're counting on your 401K plan to retire on.
OR if you're in that tiny minority of people that likes to eat food.