Motley Fool (July 2)
“During the first six months of 2022, the S&P 500 dropped 20.6%, marking its worst first-half performance since 1970” while “the Dow had its largest first-half drop since 1962” and “the Nasdaq… had its largest percentage drop in its history.” This has left “a lot of investors worried, and understandably so. But while things might seem bleak right now, the reality is that investors really shouldn’t panic.”
Tags: 1962, 1970, 2022, Bleak, Dow, Drop, First-half, Investors, Nasdaq, Performance, Reality, S&P 500, Worried, Worst
Bloomberg (June 30)
“The Federal Reserve is cooling off the red-hot housing market as it fights to curb inflation by driving up interest rates.” The ensuing “housing slowdown is helping to solve the US real estate market’s most intractable problem: tight inventory.” New sellers are entering the market at a faster pace while there are “fewer buyers competing.” As a result, “the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017.”
Tags: Buyers, Cooling off, Fed, Housing market, Inflation, Interest rates, Intractable, Inventory, Listings, Real estate, Red-hot, Sellers, Slowdown, U.S.
