By Joe Hoft | Gateway Pundit
The Biden economy just keeps getting worse. It’s so bad that the performance appears to be intentional. This latest market results are horrific. And the economic numbers are only getting worse.
We saw what Biden did with Afghanistan. He gave the Taliban that country along with $84 billion in military equipment and arms. Now Biden is destroying the economy like he did with foreign affairs.
The markets are imploding because of Biden’s policies of spending the US into oblivion and making the country dependent on other countries for oil and gas again like under the Obama years. Biden’s policies are showing in the markets.
Market Watch reports:
Stocks slumped anew in volatile April trade, marked by large daily and intraday swings. The Dow Jones Industrial
Average DJIA, -2.77% plunged 4.9% in April, while the S&P 500 shed 8.8% and the Nasdaq Composite COMP, -4.17% tumbled 13.3%. It was the biggest monthly percentage declines since March 2020 for the Dow and S&P, and the largest for the Nasdaq since October 2008.
It was the worst April performance for the Dow and S&P 500 since 1970, and the biggest April drop for the Nasdaq since 2000.
Stocks fell as investors digested mixed results from formerly highflying tech companies. They also adjusted expectations around the Federal Reserve and the prospect of a series of outsize rate increases and an aggressive wind-down of the central bank’s balance sheet as it attempts to rein in inflation running at its hottest in more than 40 years.
In addition, the markets fell again into correction territory.
An ugly end to a cruel April on Friday saw the S&P 500 post its second correction — a drop of 10% from a recent peak — so far this year.
The large-cap benchmark SPX, -3.63% ended a topsy-turvy week with a 3.6% fall on Friday, closing at 4,131.93, its lowest finish since May 19, 2021. That leaves it down 10.8% from its close at 4,631.60 set on March 29, which was the day it left a correction it had entered in late February.
Biden is attempting to be the most disliked politician in US and world history. He doesn’t seem to care because he doesn’t seem to know it.
He doesn’t seem to know much for that matter as he appears to be failing more daily to old age senility.