Self-indulgent tweet: Some of us spent 20 years being told to calm down about GOP radicalization, that it's not that bad, that we were being "shrill" and alarmist. Happened to me this very morning. You might think that todays' revelations would end all that. But probably not
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The S&P 500 closed down 2% today, its 8th 2% decline of the year. We've already seen more large down days in 2022 than all of 2021. History going back to 1928... $SPX https://t.co/fHJDUkprOm
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Around 36% of Americans surveyed this month intend to take a vacation within the next six months, the weakest June reading for any year in data going back over 40 years, excluding 2020: Conference Board data https://t.co/IQKJddtIyz
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A disappointing session for US stock #markets on account of both being unable to maintain the opening gains and closing at the lows of the day (S&P index below). The weak consumer confidence data (please see earlier tweet) didn’t help, aggravating what already is a tough first… https://t.co/Co0c7iLJ7I
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Thinking of buying Amazon? Then tonight's @MadMoneyOnCNBC is incredibly important for you because we sit down with Adam Selipsky, who is ceo of Amazon Web Services!!!
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The rational move for Republicans now would be to say "We're shocked, shocked to find sedition going on in this party" and throw Trump to the wolves. Given bothsidesing media, they might well get away with it. But it's a near certainty that almost none of them will
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Fed response to S&P 500 corrections... 2010: -17%. Rates @ 0%, QE2 2011: -21%. Rates @ 0%, Operation Twist 2012: -11%. Rates @ 0%, QE3 2016: -15%. Rates @ 0.25%, stopped hiking plan 2018: -20%. Cut rates 3x in '19, QE4 2020: -35%. Cut rates to 0%, QE5 2022: -25%. Rate hikes, QT
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US Conference Board consumer confidence data... Point to a more cautious outlook than consensus expectation Highlight the damage created by inflation and Amplify recession concerns. Of particular note: Sharp decline in the expectations component to a level last seen in March 2013
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If S&P 500 closes down 1% today, it will be the 4th time already this year that it has traded up as much as 1% intraday but finished down over 1%.
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The US Money Supply was flat over the last 3 months, the lowest growth rate in over a decade. https://t.co/9G9bgidJYn
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… half for #investors. More generally, today’s market action is consistent with #growth concerns having firmly joined #inflation worries as undermining the already shaken and disoriented “buy-on-dip” conditioning. #markets #stocks #investors #investing
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The year isn't even half over, but this year's total already ranks as the 3rd most since 1983.
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