Bear Market Descends on Global Stocks

  • The MSCI All-World Index falls 20% from its May 2015 record
  • Retreat is biggest since selloff during 2011 Europe crisis

Do Markets Worry Too Much About Inflation?

The yearlong decline in global equities that started with a selloff in energy became a full-blown bear market Thursday as a rout in bank shares extended losses in the broadest worldwide gauge past 20 percent.

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