“Y’know when I first heard about [the Fed decision to] increase in the, in the 25 basic point [sic] increase, I thought, aw, the market is not going to like this, but if Powell is saying we might be done, that is something to look forward to,” Fox daytime host John Roberts asserts in Fox’s fact-free manner. “It’s interesting, too, when you look at the value of the Dow and the overall–35,633–that’s getting close to what it was prior to Covid, so, ah, maybe we’re slowly cr– y’know, clawing our way back grchhr [sic] here and people’s 401(k)s are, ah, are gaining in value which is good for their retirements.”
Roberts is a bit off. On January 2nd, 2020, just before Covid exploded in the US, the Dow Jones Industrial Average closed at 28,868.80. It topped 30,000 at the end of November 2020, and it first topped 35,000 in July 2021. Whether Roberts’ error was intentional to downplay stock gains under Biden or Fox’s characteristic sloppiness is unknown.