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Market moves are so violent now that almost any chart or table is out of date by the time it is published. What we have seen so far this year are market moves with a definite geographic tilt, with Asia now looking the least worst globally and Europe being the most underwater.
In a sense, the spread of the sell-offs has mirrored the spread of the virus itself, with Asia suffering first before recovering in relative terms, next Europe and then the USA falling victim.
If that pattern does indeed play out then we may well still have more weakness to come out of the US equity market.
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