Markets Rocked as $46 Trillion have been wiped out in past year

Tuesday, October 4, 2022 | Tag Cloud Tags: , , , ,

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(Worthy News) – It’s been a tough year for investors, with global stock and bond markets erasing $46.1 trillion in market value since November 2021, according to Bank of America.

The massive drawdown has led to forced liquidations on , the bank’s chief investment strategist Michael Hartnett said in a Friday note, highlighting the recent break below 2018 support in the NYSE Composite Index.

And investors shouldn’t expect the pain to stop until the , in coordination with other central banks, pivots away from its currently hawkish monetary policy and towards a more dovish stance, according to the note. [ Source: Business Insider (Read More…) ]

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