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Wharton professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market

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Associated Press

Mixed results as South Dakota’s Noem intervenes in GOP races

Ahead of a potential presidential bid, South Dakota Gov. Kristi Noem handily won the Republican nomination last week for a second term. It’s a lesson that Donald Trump, Noem’s ally, is learning as he falls short, notably in Georgia, in trying to punish Republicans who have crossed him. In the GOP primary last month, Georgia voters overwhelmingly backed Gov. Brian Kemp, who had rebuffed Trump’s lies about widespread fraud during the 2020 election.

Market Extra: Tightening of financial conditions accelerates, recession fears grow as May CPI report becomes multi-day trading event

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