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Worst Day of an Awful Year Leaves No Corner of Market Unscathed

  • S&P 500 flirts with correction, corporate bonds showing cracks
  • Investors looking for havens not finding them in normal places
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Bloomberg Market Wrap 11/20: Junk Yield Surge, FANG Trade and S&P 500
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One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.

Stocks buckled for a second day, sending the S&P 500 careening toward a correction. Oil plumbed depths last seen a year ago, while credit markets -- recently impervious -- showed signs of shaking apart. Bitcoin is in a freefall, while traditional havens like Treasuries, gold and the yen stood still.