The selloff has now erased all of US market cap gains since Election Day 2016. From $35 trillion to $23.8 trillion in less than a month.
Capitulation day Sure feels like it
below high yield Energy credit spread index. Not looking as this mwetric touched an multi year high
The Libor-ois Spread a spread that represents the credit worthiness of the banking industry,below is a weekly chart showing levels not seen since 2009 Yikes!
European Bourses ugly Day Biggest drops since 2008