Good morning from Tuscany. As you slept I had my third good ride in Tuscany. Despite all the time on the road this week I have no clearer view of the markets. The downtrends are gathering steam and I remain mostly on the stock market sidelines (I own a lot of crypto still and some Coinbase).
November and December were the
I have enclosed below the Year to Date, One Year and Three-Year Charts of the major averages in additon to energy, Russia, China, Germany and Emerging Markets. I hope this gives you a feel of where we are and where we have come from the last three years (if you sign up for Koyfin, you can click the link and tinker with the time frames and tickers yourself)…
How bad is this current selloff (mostly technology stocks)?
Going back 20 years, this is the WORST quarter for a equally waited portfolio of The Nasdaq 100 and bonds:
How bad is China’s Internet crash? Charlie has the details:
As for the bond markets…Charlie has a few good charts to show just how bad a year it has been for bonds…
As for the one pice of market data you can point to, Charlie gives you this S&P returns stat:
Have a good day.
