The worst week for global equities since COVID just unfolded.
Dow fell 2,200+ points Friday. Nasdaq & Russell 2000 = Bear market territory.
The “Magnificent 7” tech stocks lost $1.4 trillion in market cap – in one week.
VIX exploded higher – its biggest spike since Feb 2020.
Oil plunged 11%, worst week since March 2023.
Copper collapsed like it was 2008.
Gold cracked too – worst day since Nov 2024.
US credit markets had a lockdown-era-level meltdown.
Bitcoin stayed green while everything else bled. Ethereum: flat and cautious.
Highest US trading volume day ever on Friday = sheer panic.
Stagflation whispers and recession fears are gaining ground.