The Biden economy is a nightmare. The markets showed it yesterday as the month of September 2022 is now in the books.
Here are some observations of the markets pointed out yesterday.
Market Watch reported on the market results in September being their worst since 2002.
It was a September investors will remember — and not in a good way.
A Friday drop left the S&P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for October.
Yahoo Finance noted that to date, 2022 is the worst year for the major markets since 2008 during the Great Recession.
In the first nine months of 2022, Wall Street suffered three straight quarterly declines, the longest losing streak for the S&P and the Nasdaq since the Great Recession and the Dow’s longest in seven years.
Trades-academy notes that the DOW and S&P 500 are in bear market lows.
Dow Jones futures will open Sunday night, together with S&P 500 futures and Nasdaq futures. The key indexes fell solidly previously week, capping a horrible September. The S&P 500 index and Dow Jones are at bear market lows, with the Nasdaq on the verge of doing so. Treasury yields backed off from 4%, however prolonged their weekly win streak.
The DOW is having its worst year ever. If this current pace keeps up, it will be the worst year ever.
On January 20, 2021, the DOW closed at 31,188. On Friday, September 30, 2022, the DOW closed at 28,725. This is a more than a 2,400 point drop for the DOW since Biden stepped into office.
The DOW is currently down 7,613 points this year alone (the DOW was at 36,338 on December 31, 2021).
The worst year prior to 2022 was 2008 when the DOW was down 4,488 points.
2022 is currently the worst year in US stock market history and Americans are seeing it in their 401ks.
The War Room yesterday discussed the status of Biden’s economy and the picture is horrific.
Expert analysts are putting their money in cash instead of bonds and equities with the goal of a “return of capital” not even a “return on capital”.
This was an excellent analysis of what is going on under this American-hating and incompetent regime.
The post BIDEN ECONOMY: Stocks Endure Worst September Since 2002 in the Worst Year for the Markets Ever! appeared first on The Gateway Pundit.
