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S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for U.S. economy, JP Morgan warns of recession risk

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US Stock Futures Struggle For Gains Ahead Of GDP Data
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JP Morgan economist now sees a reasonable risk of U.S. recession, potential for global slowdown

U.S. stock indexes end mixed Wednesday, as investors focused on remarks by central bankers and from corporate executives, while fretting that soaring inflation is damaging the world’s biggest economy.

How did stock indexes do?

  • The Dow Jones Industrial Average DJIA, +0.27%  rose 82 points, or 0.3%, to end at 31,029.31.
  • The S&P 500 SPX, -0.07%  edged down 2.27 points, or 0.1%, to close at 3,818.83.
  • The Nasdaq Composite COMP, -0.03% shed 3.65 points, a fall of less than 0.1%, ending at 11,177.89.

On Tuesday, the Dow fell 491.27 points, or 1.6%. The S&P 500 fell 2% and the Nasdaq Composite dropped 3%. All three booked their worst daily percentage declines since June 16, according to Dow Jones Market Data.

What drove markets?

Earlier gains for U.S. stock benchmarks mostly faded Wednesday, as investors monitored corporate earnings and remarks from central bankers looking to battle high inflation by tightening financial conditions.

Investors were focused on a mixed bag of corporate earnings results trickling out ahead of the mid-July quarterly deluge for insights into whether bulging inventories of goods and sharp inflation pressures pinch profit margins.

“It remains to be seen, but it feels like the market is expecting profit margins to be squeezed, and profit to be revised lower,” said Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions, by phone.

He pointed to the S&P 500 sinking about 25% below its January peak last week, before it staged a slight rebound, as a sign that investor might be “somewhat discounting that earnings are already being ratcheted down,” even before Wall Street analysts have yet to substantially lower their earnings estimates.

“Maybe the equity market has already done some of that,” Janasiewicz said.

Focus also was on Federal Reserve Chair Jerome Powell who said Wednesday at a European Central Bank forum on central banking that he sees a path back to 2% inflation while sustaining strong labor market, but warned there was “no guarantee that we can do that.”

European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Augustin Carstens, head of Bank for International Settlements, also spoke at the same conference.

On U.S. economic data, the first-quarter GDP was revised to show an 1.6% decline, compared with the prior 1.5% drop.

Economists at JP Morgan Chase and Co. said on Wednesday that they now see a U.S. economic recession this year as a reasonable risk to consider, given the GDP contraction and aggressive moves planned by the Fed to fight high inflation through higher rates. They also didn’t rule out a risk of a global economic slowdown.

Equities were limping toward the end of a miserable first half of the year. The S&P 500 is down 19.6% so far in 2022 — on track for the worst first-half performance since 1970 — hit by concerns that inflation rates at multidecade highs are badly damaging household sentiment and that the Federal Reserve’s response to surging prices may tip the economy into recession.

“I think the biggest conundrum we have right now is we have not had an earnings recession, the analysts remain positive in this quarter,” Louis Navellier, chairman of Navellier & Associates, said in an interview. However, corporate profit margins are under pressure as inflation remains heated, he said.

“This is going to be a very interesting quarter where I’ve never seen a recession where their earnings are still accelerating,” Navellier said.

Wall Street’s dive on Tuesday led Asian and European bourses lower, particularly with worries that supply constraints in China could exacerbate global inflationary pressures. Such concerns were illustrated in Spain on Wednesday, where data showed prices rising by 10.2% in June, their fastest pace in 37 years.

Companies in focus

  • NIO Inc. NIO, -2.24% shares fell 2.2% after a short seller report on Wednesday alleged the company exaggerated financial results, while the China-based electric vehicle maker said the report was without merit and contained “numerous errors.”
  • Shares of Pinterest Inc. PINS, +1.32% rose 1.3% after the social-media company said Tuesday co-founder Ben Silbermann is stepping down as chief executive and is being replaced by an e-commerce executive from Google.
  • Bed Bath & Beyond Inc. BBBY, -23.58% shares fell 23.6% after it announced disappointing fiscal first-quarter results and the ouster of its chief executive, Mark Tritton.
  • General Mills Inc. GIS, +6.35% shares rose 6.3% after beating quarterly expectations.

Other assets

  • The yield on the U.S. 10-year Treasury note BX:TMUBMUSD10Y declined by 11.5 basis points to 3.091%.
  • The ICE U.S. Dollar Index DXY, 0.57%  edged up 0.6%.
  • Bitcoin BTCUSD, 0.33%  fell 0.6% to trade near $20,020.
  • Oil prices fell, with WTI crude CL.1, down 1.8% to settle at $109.78 a barrel.
  • August gold futures GCQ22, -0.11% lost $3.70, or 0.2%, to settle at $1,817.50 an ounce.
  • Hong Kong’s Hang Seng HSI, -1.88% fell 1.9%; the Nikkei 225 in Japan slipped 0.9%; China’s Shanghai Composite SHCOMP, -1.40% shed 1.4% after President Xi Jinping reiterated that the regime’s strict COVID-19 policy was “correct and effective.”
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All American’s Tamika Pratt: Unraveling the Mystery

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Tamika Pratt The Made-Up Story about Bad Police Work

Tamika Pratt As we dive into the world of “All American,” it’s essential to understand that Tamika Pratt is a fictional character. Her story is a creation of the show’s writers, designed to tackle critical issues like police brutality. Tamika’s character serves as a lens through which the series explores the complex dynamics between law enforcement and the community.

The Real Story of Tamika

Tamika Pratt

Tamika Pratt is not a real person; instead, she’s a product of storytelling.

However, her character symbolizes the real struggles and injustices faced by many in the United States. By delving into her character’s journey, “All American” attempts to reflect the reality of police misconduct and its impact on individuals and communities.

Tamika Pratt is not a real person; she’s a product of storytelling. However, her character symbolizes the real struggles and injustices faced by many in the United States. By delving into her character’s journey, “All American” attempts to reflect the reality of police misconduct and its impact on individuals and communities.

Who Is Tamika Pratt in All American?

Within the framework of the show, Tamika Pratt is depicted as a victim of police brutality.

Her character stands as a powerful representation of those who have suffered injustice at the hands of law enforcement. As a viewer, you might be wondering about the inspiration behind her character and the message the creators aim to convey.

Who Killed Tamika?

In the “All American” series, Tamika Pratt’s character is a symbol, not a real person. Therefore, there is no real incident of her death. The show uses her story to explore themes of social justice and the consequences of police misconduct, highlighting the need for reform in the criminal justice system.

Justice for Tamika” in All American

The quest for justice for Tamika Pratt is a central theme in “All American.” Furthermore, it mirrors real-life movements for justice in cases of police brutality. The show’s portrayal of this struggle raises awareness about the need for accountability and change in law enforcement.” It mirrors real-life movements for justice in cases of police brutality. The show’s portrayal of this struggle raises awareness about the need for accountability and change in law enforcement.

Is there a real Tamika Pratt?

No, there is no real Tamika Pratt. She exists solely within the world of “All American” as a fictional character created to address pressing societal issues.

Who plays Ash’s mom in all American Tamika Pratt ?

Ash’s mom, Tamika Pratt, is portrayed by the talented actress Danielle Campbell.

Where was Tamika Huston body found?

Tamika Pratt

Tamika Pratt’s character does not involve a real-life location or incident, so there is no specific place where her body was found.

What is finding Tamika about?

“Finding Tamika” is not a real documentary or series. However, it may be used in the context of discussions about social justice issues and the need to address police brutality.

What happened to Tamika Wilson?

Tamika Wilson is not a character in “All American.” The focus here is on Tamika Pratt, a character created to address police brutality.

Who is Jordan Baker based on Tamika Pratt?

Jordan Baker is another character in “All American” and is not directly related to Tamika Pratt. He is a character developed to explore different aspects of the high school football drama and related social issues.

Where can I listen to finding Tamika?

“Finding Tamika” may not be a real podcast or documentary, but you can explore various documentaries and podcasts that discuss real-life cases of police brutality and social justice issues.

Where can I watch finding Tamika?

As “Finding Tamika” is not a real series, you won’t find it available for viewing. Instead, consider watching documentaries and shows that focus on real stories of social injustice and police brutality.

Who Is Tamika Pratt In All American? The Fictional Tale Focusing On Police Brutality

Tamika Pratt

Tamika Pratt in “All American” is a compelling character who serves as a symbol of the broader issues surrounding police brutality and social justice. While she may not be a real person, her story is a poignant reminder of the need for change and reform in society. As you delve into the world of “All American,” remember that Tamika Pratt’s character is a fictional narrative designed to spark discussions about the real-world challenges we face.

FAQs

Q1:Is there a real Tamika Pratt?

No, Tamika  is a fictional character in the TV series “All American” created to address issues related to police brutality and social justice.

Q2:Who plays Ash’s mom in All American?

Danielle Campbell portrays the character of Tamika, who is Ash’s mom in “All American.”

Q3:Where was Tamika Huston’s body found?

Tamika Pratt is a fictional character, so there is no real incident involving her body or its location.

Q4:What is “Finding Tamika” about?

“Finding Tamika” is not a real documentary or series. It is a phrase often used in discussions related to police brutality and social justice.

Q5:What happened to Tamika Wilson?

Tamika Wilson is not a character in “All American.” The focus of this series is on Tamika  a fictional character representing police brutality issues.

Conclusion

In a world where social justice and police brutality remain critical topics of discussion, “All American” and the character of Tamika Pratt stand as a testament to the power of storytelling in driving societal change. Remember, the impact of her story is not limited to the small screen but extends to the broader conversation about justice and reform in our society.

ALSO VISIT: Wordle Hint: Unleash Your Inner Word Wizard!

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Unraveling the Mystery: The Curious Case of 52 Weeks in a Year Despite 4 Weeks per Month

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Introduction

Time, an intangible force that governs our lives, is divided into various units to bring structure to our existence.The interplay of leap years, irregular month lengths, and the 4-week-month cycle harmoniously crafts the curious phenomenon of 52 weeks in a year, answering the question of how many weeks in a year.

Among these units, weeks and months stand as fundamental components, each offering its own rhythm and cadence. A perplexing puzzle arises when we consider the relationship between weeks and months: why does a year, which comprises 12 months, have 52 weeks and not 48 weeks, given that there are typically 4 weeks per month? In this exploration, we embark on a journey to demystify this conundrum, examining the intricate interplay of calendars, leap years, and the fascinating history that shapes the way we measure time.

The Dance of Weeks and Months: A Seeming Paradox

At first glance, the arithmetic seems straightforward: with four weeks per month, shouldn’t a year consist of 48 weeks? However, this simple calculation belies the complexity of calendar systems and the irregularities that emerge when trying to fit neatly divisible units of time.

The Gregorian Calendar: A Key Player

Navigating the intricate dance of leap years and month irregularities provides the intriguing answer to the query: how many weeks in a year? To comprehend this enigma, we must turn our attention to the Gregorian calendar—the most widely used calendar system in the world today. In the Gregorian calendar, a standard year is composed of 365 days, divided into 12 months. This division creates a challenge when reconciling months and weeks due to the uneven number of days in a month.

Leap Years: An Essential Adjustment

The fusion of leap years, varying month lengths, and the steadfast 4-week cycle yields the definitive response to the oft-asked question: how many weeks in a year?The addition of leap years is the crux of the matter. A leap year, occurring every four years, serves as a corrective mechanism to account for the discrepancy between the calendar year and the actual time it takes for Earth to complete its orbit around the sun. Leap years add an extra day, February 29th, to the calendar. This adjustment ensures that the calendar remains synchronized with the astronomical year.

Interestingly, the introduction of leap years influences the distribution of weeks in a year. Since leap years have 366 days—52 weeks and 2 days—the balance between the 4-week-month cycle and the leap year adjustment creates the familiar pattern of 52 weeks in a year.

Weeks and Months: A Harmonious Imbalance

To dissect this phenomenon, let’s delve into the interaction between weeks and months within a leap year and a non-leap year.

  1. Non-Leap Year (365 days): In a non-leap year, 365 days are divided into 12 months, each averaging 30.44 days. While most months have 30 or 31 days, February has 28 days. This irregularity affects the consistency of the 4-week-month cycle.
  2. Leap Year (366 days): In a leap year, the additional day accommodates the 4-week-month cycle. Months in a leap year have 30 or 31 days, but February has 29 days. This extra day contributes to the harmonious alignment of 52 weeks within the year.

Cultural and Historical Influences

In unraveling the curious interaction between leap years, irregular months, and the consistent 4-week cycle, we uncover the precise solution to the timeless query of how many weeks in a year.The origin of the 7-day week, widely adopted today, has cultural and historical roots that span across civilizations. The ancient Babylonians, Egyptians, and Romans all contributed to the development of this temporal framework. Over time, religious and societal practices solidified the 7-day week’s prevalence.

In the context of months, the lunar calendar used by many ancient cultures contributed to the variation in month lengths. Lunar months, determined by the moon’s phases, resulted in months of varying durations. When the Roman calendar was reformed to align with the solar year, the challenge of reconciling lunar and solar cycles further contributed to the irregular month lengths.

Calculating Weeks in a Year: A Precarious Balance

By skillfully accommodating leap years and the ebb and flow of month lengths, we arrive at the calculated answer to the frequently pondered question: how many weeks in a year?The calculation of weeks in a year is a delicate equilibrium between the 4-week-month cycle and the need to synchronize the calendar with astronomical realities. The introduction of leap years, while seemingly unrelated to weeks, plays a pivotal role in creating the consistent pattern of 52 weeks within a year.

Cultural Significance and Implications

Amidst the intricate interplay of calendar mechanics, leap years, and month irregularities, we find the definitive solution to the intriguing question: how many weeks in a year? The 52-week pattern, despite the irregularities of months, has become ingrained in our daily lives. It influences the way we plan schedules, allocate workdays, and celebrate annual events. The harmonious blend of weeks and months provides a sense of balance, even as we navigate the complexities of time.

Conclusion

Within the tapestry of calendar complexities, the synchronization of leap years, month lengths, and the steadfast 4-week cycle seamlessly unveils the precise answer to the perennial question: how many weeks in a year? The perplexing relationship between 52 weeks in a year and the 4-week-month cycle is a testament to the intricacies of calendar systems, leap years, and the historical evolution of how we measure time. This enigma reveals the delicate balance achieved through the interplay of irregular month lengths and the correction introduced by leap years. As we ponder this curious case, we gain a deeper appreciation for the remarkable precision and artistry inherent in the human endeavor to tame the boundless flow of time.

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