The Rhino Report

Are we in a Bear Market? Are we in a Recession?

June 11, 2022 Todd Van Der Meid, MBA, CFP®
The Rhino Report
Are we in a Bear Market? Are we in a Recession?
Show Notes

The S&P 500 ended the week 5.1% lower due to a higher-than-expected CPI report. Friday's close was at 3900, the same level as the closing low on May 19th, which is 18.6% off the January 3rd high.  Are we in a bear market?
First-quarter GDP showed an economic contraction of 1.4%.
The Federal Reserve Bank of Atlanta recently lowered their estimate for second-quarter GDP to less than 1%.   Are we in a Recession?