Markets Gripped by Anxiety Over Covid, China, Fed’s Tapering
- Commodities are sounding an alarm in markets about growth
- U.S. equities have started to slip from all-time highs
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Iron ore, luxury stocks and the dollar are all sending the same message across markets: investors are getting uneasy.
That anxiety was on display on Thursday as global markets shuddered in the wake of concerns stretching from China’s economy, Covid and the tapering of Federal Reserve stimulus. While the pain was sharpest in commodities and cyclicals, even defensive tech stocks slumped.