{"id":51669,"date":"2020-03-09T09:06:10","date_gmt":"2020-03-09T14:06:10","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51669"},"modified":"2020-03-09T09:06:17","modified_gmt":"2020-03-09T14:06:17","slug":"2-5-trillion-wiped-out-as-world-stocks-crash-most-since-2008","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51669","title":{"rendered":"$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008"},"content":{"rendered":"\n

$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008<\/a><\/h3>\n\n\n\n

As we previously noted<\/a>, S&P futures triggered a “level one circuit breaker” after falling 7%, which means trading will be halted for 15 mins. The movement of US equity futures today is likely crash, then halt, crash then halt.<\/p>\n\n\n\n

It’s only a matter of time before more intervention is seen\u2026<\/p>\n\n\n\n

\n\n\n\n
\"\"\/<\/a><\/figure>\n\n\n\n

Remember when the Fed did an emergency rate cut last Tuesday? Good times.<\/p>\n\n\n\n

\n\n\n\n

As for global stocks, it’s much of the same. MSCI All-Country World Stocks Index is down 5.3%, on the worst day since December 2008. The move has wiped out roughly $2.5 trillion in value of global stocks, noted Reuters.<\/p>\n\n\n\n

Here’s iShares MSCI World ETF down -8%, back to August 2017 levels.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

As a reminder:<\/p>\n\n\n\n

\u00b7 If the S&P 500 declines 7%, (208 points), trading will pause for 15 min<\/p>\n\n\n\n

\u00b7 If declines 13%, (386 pts) trading will again pause for 15 mins<\/p>\n\n\n\n

\u00b7 If falls 20%, (594 pts) the markets would close for the day.<\/p>\n\n\n\n

Trading halts are currently sweeping across the world, one of the first times since the 2008 financial crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008 As we previously noted, S&P futures triggered a “level one circuit breaker” after falling 7%, which means trading will be halted for 15 mins. The movement of US equity futures today is likely crash, then halt, crash then halt. It’s only a matter of time […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[29183,500,4318],"class_list":["post-51669","post","type-post","status-publish","format-standard","hentry","category-economics","tag-market-closure","tag-market-collapse","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51669"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51669\/revisions"}],"predecessor-version":[{"id":51671,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51669\/revisions\/51671"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}