Bloomberg/Lu Wang and Elaine Chen/6-17-2022
“You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street. Even in the long and storied history of market meltdowns, the breadth of losses is without equal, based on data that goes back to the Great Depression. In five of the seven sessions through Thursday, at least nine in 10 S&P 500 stocks dropped, a record run of widespread losses, according to Sundial Capital Research.”
USAGOLD note: That might be because the inflationary expansion of the financial bubble has been without equal.
