As of 11am EST, global equity markets are a sea of red.
The Dow is down 600 points (2.4%) while the EU is down around 3%.
After the big sell-off on Tuesday, we often see a rally the next day. But not today. It is a continuation of the trade tensions between the US, China and other trading partners.
And nervous investors are pulling out of equites and jumping into the safe zone (sovereign debt) pushing prices up and yields down.
Even commodities are taking a beating as well … except gold.
Calling The Fed, ECB, BOJ, PBOC!