{"id":1466522,"date":"2022-05-06T12:29:34","date_gmt":"2022-05-06T16:29:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1466522"},"modified":"2022-05-06T12:29:38","modified_gmt":"2022-05-06T16:29:38","slug":"bidenomics-stocks-are-having-their-worst-start-to-a-year-since-1939","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-stocks-are-having-their-worst-start-to-a-year-since-1939\/","title":{"rendered":"Bidenomics: Stocks Are Having Their Worst Start to a Year Since 1939"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenomics-stocks-are-having-their-worst-start-to-a-year-since-1939%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1466522&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p><span class=\"wpsdc-drop-cap\">T<\/span>he stock market casualty of the Biden economy.<\/p>\n<p>Stocks further cratered yesterday, with the Dow Jones losing over 1,000 points, and the NASDAQ dropping 5%, the worst single-day drop since the beginning of the pandemic in 2020 for both indexes. The S&#038;P 500 suffered its second-worst day of the year.<\/p>\n<p>That came after the markets had already set a new record for their worst start for a year since 1939 only days prior. As <a href=\"https:\/\/www.marketwatch.com\/story\/a-rough-4-months-for-stocks-s-p-500-at-risk-of-booking-the-worst-start-to-a-year-since-1942-heres-what-pros-say-you-should-do-now-11651250525\">MarketWatch<\/a> reported on May 1st:<\/p>\n<blockquote>\n<p>Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&#038;P 500 booked its worst start to a year, through the first four months of 2022, in over 80 years, with the steepest decline in April, down 4.9%, since at least 2002 contributing to the unsettling, bearish tone.<\/p>\n<\/blockquote>\n<p>As of writing, the S&#038;P 500 is down 13.5% year-to-date. The last time the markets been been off to a worst start four months into the year was 1939, when stocks were down 17.3%. The only other time stocks opened worst than that since the dawn of the 20th century was in 1932, when they were down 28.2% the first four months of the year.<\/p>\n<p>While stocks are down across the board, there\u2019s been a more brutal unwinding of stocks that benefitted heavily from lockdowns and other pandemic era policies, such as Amazon, Netflix, and Facebook, all of which are suffering their greatest declines in a decade. Countless other miscellaneous \u201cstay-at- home\u201d stocks have seen similarly abysmal returns.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Amazon, Facebook, and Netflix are in their deepest drawdown of the last 10 years <a href=\"https:\/\/t.co\/obzxVmFHmh\">pic.twitter.com\/obzxVmFHmh<\/a><\/p>\n<p>\u2014 Michael Batnick (@michaelbatnick) <a href=\"https:\/\/twitter.com\/michaelbatnick\/status\/1522227172353716225?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p>\n<\/blockquote>\n<p>This comes as a possible recession looms, with the economy having already contracted <a href=\"https:\/\/bongino.com\/recession-incoming-u-s-economy-contracts-1-4-in-first-quarter-of-2022\/\">1.4% the first quarter<\/a> of the year.<\/p>\n<p>Matt Palumbo is the author of\u00a0<i data-stringify-type=\"italic\"><a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">The Man Behind the Curtain: Inside the Secret Network of George Soros<\/a><\/i><\/p>\n<hr \/>\n<p>Don\u2019t miss The Dan Bongino Show<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market casualty of the Biden economy.Stocks further cratered yesterday, with the Dow Jones losing over 1,000 points, and the NASDAQ dropping 5%, the worst single-day drop since the<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1466522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1466522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1466522"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1466522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1466522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1466522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1466522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}