The stock market has been volatile lately amid concerns about growing inflation, interest rates, and a possible recession. On Friday, the S&P 500 fell into bear market territory for the first time since March 2020. According to the New York Times, the S&P 500 has fallen for seven consecutive weeks — its worst stretch since the dot-com bubble burst more than two decades ago. Business Insider has compiled a list of things you need to know about this stock market cycle and how it impacts you. You can read that list below. On the other hand, James Turk, former banker and co-founder of Goldmoney, says now is the time to invest in gold and silver.

 

Business Insider/Matthew Fox
The S&P 500 just fell into a bear market for the first time since the pandemic. Here’s what to know about this vicious part of the stock-market cycle.

The S&P 500 briefly entered bear market territory on Friday for the first time since March 2020 as investors continue to assess record inflation, surging interest rates, and its impact on consumers and corporate profits.

The S&P 500 is now down more than 20% from its peak reached at the start of the year, catching up with the Nasdaq 100 which officially entered bear market territory earlier this month. The stock market’s sell-off was solidified this week following the poor earnings from big-box retailers like Target and Walmart.

Given the volatile regime, the stock market has entered, it’s good to know how stocks might act during this period, based on previous bear market data compiled by LPL Research. Here’s everything you need to know about this vicious part of the stock market cycle.

You can read the full story, here.

 

CNBC/Ryan Browne
Tether withdrawals top $10 billion as regulators raise alarm about stablecoins

Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins.

Tether, the world’s largest stablecoin, has seen its circulating supply plunge from a record $84.2 billion on May 11 to around $73.3 billion as of Monday, according to data from CoinGecko. About $1 billion was withdrawn late Friday evening.

The cryptocurrency, which is meant to be pegged to the U.S. dollar, temporarily dipped as low as 95 cents on May 12 after another type of stablecoin, terraUSD — or UST — plunged well below $1. That resulted in a sell-off in UST’s associated luna token, which in turn wiped out more than $40 billion in holders’ wealth.

Continue reading, here.

 

Wall Street Silver via Silver Seek
Financial Crisis Is Inevitable – Silver & Gold Time Is Now – James Turk

James Turk joins us to discuss the latest in the Silver & Gold markets, the financial crisis that is building in the system, the central banks have no viable solutions to resolve this and more.

You can read the full story, here.

 

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