These are dark times
Global equities are down around 35% in a month and junk bond yields are at a 1000 bps spread, with investment grade sinking as well. These are dark times and we've gone from 'euphoria' to something much worse in record time.
I had a dream last night they closed the market but it still doesn't feel like panic or capitulation. I fear we're headed for a USD super-spike
What do you think?
