SA: From bubble to bust

SEEKING ALPHA‘s The Heisenberg writes:
A legion of investors accustomed to uninterrupted gains just witnessed one of the worst weeks for US equities since World War II.
In terms of rapidity, the selloff was unprecedented.
COVID-19 was the proximate cause, but one accelerant was systematic flows.
Here is a Heisenberg postmortem.

I suppose this goes without saying, but there’s still a palpable sense of incredulity among many market participants about what, exactly, happened last week.
A …

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Source: The Loadstar

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