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S&P Breaks June Lows in the Afternoon and Recovers into Close, Dow at 2022 Low

FS Insight Team

“Mama said there’ll be days like this, There’ll be days like this Mama said.”- The Shirelles

The Dow and the S&P 500 were down about 5% for the week. The June 16th lows were breached intraday for the S&P 500. Chances of recession are going up, according to JP Morgan. They are about at a coin flip over the next year and 74% over two years. Also, more market commentators are starting to raise the specter that the Fed may over-tighten. The Fed’s Summary of Economic Projections (SEP...

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