MARKETS TANK – NASDAQ and S&P In Correction Territory – Russell 2000 In Bear Market Territory
Major US Indices were tanking on Monday morning as the failing Biden economy is catching up to the markets.
Last week we first reported on the NASDAQ going into ‘correction’ territory after dropping more than 10% since its peak.
This morning the markets are down further. The Biden economy is not so good, as a matter of fact, it’s terrible.
All the major indices were down this morning after last week’s purge. Reuters is reporting this morning:
U.S. stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve.
