Investors reacted to the threat of higher interest rates and a possible recession Monday by selling stocks.
The Dow Jones Industrial Average lost 876 points, ending the day off 2.79%, the Nasdaq lost 530 points or 4.68%, and the S&P 500 closed off 3.88% landing it in official bear market territory. A bear market is defined as a 20% fall from a market’s high.
Bitcoin also saw a decline, plunging to $23,000 — a loss of 67% from its high last November.
Podcast host Trish Regan has repeadedly warned of the dangers of the Fed’s loose monetary policy. She has argued since summer of 2020 that the country ran this risk. (Watch bleow.) Meanwhile, with markets anticipating a 0.75% rate hike from the Federal reserve at its meeting this week, there are growing fears of a recession. On Friday, the Labor Department reported that consumer prices grew by 8.6% over last year.
Bond yields are moving higher in anticipation of the Fed’s move. The yield on the 10 year U.S. Treasury bond crept up to 3.363%.
Don’t wait until food shortages get REALLY bad before stocking up. Get a three-month’s supply now while it’s still available.
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our new GiveSendGo. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Truth Based Media
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.