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Raging Markets Selloff in Five Charts: $36 Trillion and Counting

  • S&P 500 posts rare third straight quarterly loss as Fed Hikes
  • Stocks and bond fall in tandem as investors rush to cash
Bloomberg business news
Summers Sees 'Tremors' of August 2007 Anxiety in Markets

Whether super-safe US Treasuries or the riskiest emerging equities, global stocks and bonds have lost a record $36 trillion in value over the past nine months in a wild selloff that engulfed assets right across the risk spectrum.

With the year heading into its last quarter, there is likely more pain ahead. Central banks are in full fire-fighting mode, making clear they intend to raise interest rates further to douse inflation, even if that leads to economic recession.