As stunned dunces are about to find out, it's called "Globalization" for a reason...
Yesterday, all global risk assets fell as one...
This portends badly for next week...
NYSE Advance - Decline weekly close:
Stocks above 50 day moving average:
Down volume / up volume:
Consider a Credit Suisse Group AG gauge known as the cross-market contagion indicator, which tracks price relationships in equities, credit, currencies and commodities. It shows that different markets are influencing each other in 2016 at a higher rate that any time since the measure was invented in 2008.
All of the S&P Mega caps across all sectors were down:
http://www.cnbc.com/world-markets-heat-map/