Aaaaaand, it’s gone!

Global capital markets are down five weeks in a row, losing just under $9 trillion – the biggest, fastest drop since Lehman… (around $8.2 trillion from global equity markets)

Chinese stocks managed to end the week green thanks to numerous National Team interventions…

European stocks ended the week red (down 4 of the last 5 weeks) to the lowest since Dec 2016… with DAX worst of all (worse than Italy)…

European banks were ugly led by Deutsche…

US Equity markets closed the week in the red for the year (but the rest of the world also continued to collapse)…

Buy the dip and sell the rip…all major US equity indices red on the week…

Another ugly open, immediate ramp fest and puke…

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