- The DJIA is down -13.97%, the S&P 500 is down -18.14% and the NASDAQ is down -27.42%. Other markets are also being affected, and are likely to continue being affected in a serious manner for as long as the Fed is in and raising rates.
- They say that this is necessary to combat inflation. But the Fed’s threat of containing inflation is having a marked effect on all of the markets and on the economy.
- It is often true the bonds and stocks move in opposite directions. So far that has not been the case, and I do not expect that to change.
For further details see:
The Markets Are Melting