The global slide continues as U.S. equities continue their descent into the depths. Every source from world markets, to U.S. treasuries, to the IMF to the U.S. Fed themselves are starting to concede that things look shitty. Fed is waivering strongly on their commitment to any further rate hikes, basically conceding that yes the economy is slowing dramatically and that stagnation is coming. Many stocks are in bear market territory already as the recession has begun, it just won’t be officially declared until early 2019. We will see how bad crypto fares along with it or if crypto speculation actually becomes a new destination for frustrated cash on the sidelines.
https://www.wsj.com/articles/quantitative-tightening-not-now-11544991760