We are in the midst of a full-blown financial crash. Stock prices as well as credit bond prices are falling at record speed and there are very few places to hide as bond yields are rising and gold prices dive, too.
It’s extremely seldom to see equity and bond prices go down simultaneously while heading into an economic recession. Most participants on financial markets have probably never experienced anything like this in their lifetime. Maybe for a few hours during the Great Financial Crisis in 2008, but not so many trading days in a row like in the last couple of weeks and this is probably exacerbating the current market panic.
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