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Terry Ponick
Verified
Editor-in-Chief, Communities Digital News
Illinois, The Swamp
Beats
Social And Lifestyles , Politics
None.
Content
By Terry Ponick Verified| Communities Digital News Verified WASHINGTON –Tuesday’s robust rally on Wall Street sure was fun. It’s the first bullish stock market indicator we’ve seen in a while. But hey, it’s 2022, the Year of Bidenomics. So, on the heels of a disappointing 2022 outlook from Home Depot (NYSE: HD) and Wednesday’s poor reports from Lowe’s (NYSE: LOW), Walmart (NYSE: WMT) and (*gasp*) Target (NYSE: TGT), we’re now in the midst of a genuine Wall Street bloodbath this afternoon.
By Terry Ponick Verified, Robert Balog| Communities Digital News Verified WASHINGTON – The savage, almost continuous market correction weighing heavily on America’s investors certainly has the look and feel of what we’ll eventually call the Bear Market of 2022. However, the big question during the current “sell in May” tendency this year remains. Namely, is the Bear Market of 2022 cyclical or secular? In other words, is the nearly unrelenting bearishness kicked off during the first trading week of 2022 just a bit of fleeting nastiness – a “cyclical bear”?
By Terry Ponick Verified| Communities Digital News Verified WASHINGTON – Let me reinforce today’s stock market headline. US stocks have fallen. Again. Wednesday trading action followed Tuesday’s playbook. Rally early and fairly impressively. Fade that rally around lunchtime. And then tank market averages near the 4 p.m. ET closing bell on Wall Street. Is Bidenomics to blame? Nahhh. It’s not Bidenomics. It couldn’t be. The current White House Junta Administration keeps telling us that Vladimir Putin is behind all America’s economic sturm und drang.
Company Info
Communities Digital News
Communities Digital News brings fresh voices to the news, reviews and features from Art and Entertainment to Poltics and Foreign Affairs. Communities features independent journalists from around the world, each with a unique perspective that they apply to today's issue, places to play, ways to work smarter, laugh harder and eat better.
Rockville, Maryland, United States
'+1 301-838-4502
Founded: 2009