Today we're talking about big drops on Wall Street, a Google engineer's concern that AI

has gained sentience, the persistence of Russian funding, and other top news for Wednesday,

June 15th.

Stay informed while remaining focused on Christ with the pour over.

Here's the quote of the day.

Convictions are not merely beliefs we hold, they are those beliefs that hold us in their

grip.

Albert Molar.

Let's get started with some espresso shots.

It finally happened after teetering on the edge for weeks the S&P 500 dropped into bear

market territory on Monday.

It's down 21% from January's all-time high.

Some big names with the grizzliest losses include Amazon, they're down 39% in 2022, Alphabet,

down 21% and Tesla, down 45%.

Meanwhile inflation climbing to new highs has analysts predicting another even bigger interest

rate hike.

The Fed is meeting today and is expected to announce 0.75% hikes in both June and July.

If announced it would be the biggest increase since 1994.

All considered investor sentiment is low.

Hedge fund managers are expecting a week global economy in June, and a Fed GDP tracker states

that the US is on the brink of, if not already experiencing, a recession.

Too often we let eternally insignificant things like the ups and downs of Wall Street control

...