For two years, traders bemoaned the tranquility in global equity markets. That era just ended in a fit of turbulence, as stocks plunged into the first correction since early 2016 and volatility almost doubled from historically low levels over the past three months. In total, almost $2.3 trillion was erased from all U.S. stocks in February and March, with both the S&P 500 Index and Dow Jones Industrial Average marking their first quarterly losses in 10 quarters.
Source: Bloomberg Pro Terminal
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