“Dow falls more than 400 points as Wall Street grapples with recession fears”
July 5, 2022
“The Dow Jones Industrial Average fell 420 points, or about 1.4%. The S&P 500 dipped 1.5%, and the tech-heavy Nasdaq Composite shed about 1.6%.
Concerns about economic growth are hanging over investors as the U.S. market looks to recover after a rough first half to the year. U.S. Treasury Secretary Janet Yellen and China’s Vice Premier Liu He held a virtual call on Monday stateside to discuss macroeconomic issues...
The outlook for the second half of the year is murky. Credit Suisse strategist Jonathan Golub said in a note to clients on Tuesday that he expects the U.S. to avoid a recession but cut his S&P 500 target for the end of the year to 4,300 from 4,900. The new target would mean Wall Street claws back about half of its losses from the first six months of the year…”
https://www.cnbc.com/2022/07/04/stock-market-futures-open-to-close-news.html
Avoid recession how? A food shortage is on the way. I hope for the best but we’re in a bad situation. Stock up on food and supplies folks. I don’t know how bad thing are going to get but it’s best to be prepared. Also start a garden if you can. This is a way to cut back on food expenses.