Markets and America are being tested
While Republicans push for American autocracy, markets behaved wildly for plausibly other reasons. The Federal Reserve announced last week that they might initiate 4 rates hikes this year. While also struggling not to appear surprised by the latest inflation and strong jobs numbers, global markets went sharply lower. With volatility not seen since Feb. 2021, the S&P 500 dropped about 5% and tech stock indexes were lower by almost 8% while showing some recovery late in the day