🚨BREAKING: BEAR MARKET 🐻
Russell 2000 📉 -20% from 2021 high, entering bear market.
Raises recession concerns amid #inflation #higherforlonger rates. Investor pessimism grows as 🫧 of rate cuts get 📌
*Russel is often used as a bellwether for the health of the US economy
.Stephen Moore: 'We never had an inflation problem when Trump was president. Then Biden comes in, and in 18 months, I don't know how he screwed things up so quickly, we went from 1.6% to 9.1% inflation.'
'Inflation is expected to continue falling. These things don't happen by accident. It's because we have a plan, and that plan is working.'
PM Rishi Sunak reacts to the ONS figures that show inflation has eased to 3.2% down from 3.4%
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📺 Sky 501 and YT