Equities: To begin, the current quarter’s underperformance of growth vs. value stocks is the worst since the dot-com bubble.
This is illustrated in the current drawdown in the Nasdaq Composite and Nasdaq 100 indices, which is approaching the 2020 level.
Credit: In credit markets, the current selloff doesn’t discriminate, unlike the COVID shock.
Cryptocurrency: In the crypto-sphere, Bitcoin’s Fear & Greed Index entered “extreme fear” territory.
Emerging Markets: With the recent explosion in the US dollar, EM local currency bonds are exhibiting their worst returns since the Global Financial Crisis.
The United States: Market-based inflation expectations moved lower on Monday.
Food for Thought: Lastly, let’s take a look at how the return to normal activity compares with the return to the office:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com