recession fears are rising once again. and that means that stocks are falling. take a look. more than 460 points off today, and this comes right after the dow posting its worst selloff in three months just yesterday. cnn s matt egan is here. so the tumble on wall street continues. what s it mean? where are we going? well, victor and bianna, recession fears are clearly taking back control of this market for now at least. if you look at the dow, the s&p, and the nasdaq, they re all down by more than 1% today. all on track to close at roughly one-month lows. now this selloff really got started around 2:00 p.m. eastern on wednesday. that s when the three of us were on air breaking the federal reserve news. now the fed statement made clear that there s more rate hikes to come, and that s a concern because the more the fed does
he seemed caught on to. in this report, from the san francisco police department, that the s&p pelosi s bedroom in the front door of the pelosi residents. in addition, in law enforcement search his backpack and found a roll of to, white rope, one hammer, one pair of rubber and cloth gloves, and a journal. i need to say, the subtypes to me after january six, this idea of human invoking i revolutionaries were under british . yeah, he went there to cal. and speaking of the revolutionary talk, we heard from ted cruz, we heard that from marjorie taylor greene, leading up to january six. most americans, if you go to their facebook page, the got pictures of their families, dogs, their sports team, maybe hunting with their kids. this guy had conspiracy theories about january six, covid, and other nonsense that looks just like the facebook pages of ted cruz, marty
it is to find your family. so, of course, you worry about what it can mean for your family. and that s why, i believe, the antidote to this is unity among democrats, republicans, to condemn violence, every time it happens. and to condemn those who glorify the violence that s taken place. yeah, i want to ask about a detail here. it seems to me, this individual again, has this blog and it s sort of captured it well. aliens, communism, anti vax, january six. whenever paranoid conspiracy is in the ether. he seemed caught on to. in this report, from the san francisco police department, that the s&p pelosi s bedroom in the front door of the pelosi residents. in addition, in law enforcement search his backpack and found a roll of to, white rope, one hammer, one pair of rubber and cloth gloves, and a journal. i need to say, the subtypes to me after january six, this idea of human invoking i revolutionaries were under british . yeah, he went there to cal. and speaking of the revolut
and there s one sector that is firmly in the green this year, it is energy, up 29% because gas prices are hovering near the all time highs. people are shelling out more for gas, spending less on other things, which means the consumer discretionary sector is the worst performing sector, down 33%. disney down almost 40% this year. let s leave on a positive, it s a midterm election year after all. cfra look at these things, they say stocks in midterm election historically bottom now, before they rally in the fourth and everyone is making the references to the 1970s when inflation was bad also. if you go back and look at the s & p in the first half of the year in 1970, down 21%, same as now. the back half reversed the losses, up more than 26% in the second half. so, let s try to be helpful.
which both reached new highs last week. their worries could grow as midterms approach which historically spells disaster for the party in power, particularly in an economic climate like we are in now. ari fleischer and joe, the s & p dipped into bear market period of time, down 20% from highs in january. troubling signs on the economic horizon here. do you believe we are headed for a recession? yes, john, i do, and i had that view early in the year because of the movement food and energy prices. but what the fed was trying to do, lift rates pretty aggressively and also shrink their balance sheet, tightening. and metrics are in recessionnary territory. the president says he is obsessed with inflation, yet the more he is obsessed with