Jul
01
Wall Street Left Reeling as 2018 Upends Almost Every Bet
By-
Favorite emerging-market stocks, bonds crumble under dollar
- ‘People woke up to a different world,’ says Aberdeen’s Athey
The half that began with “melt-up” euphoria ended with melt-down fear.
Investors breezed into 2018 expecting to pick up easy returns from steadily rising asset prices. Instead, they’re nursing losses on bets that had delivered the biggest gains from a decade’s worth of buoyant liquidity.
Emerging economies began the year as a market darling only to be toppled by a surge in the dollar and rising political risks. A brewing trade war has dashed expectations synchronized global growth would keep pumping up equities. China, long seen as the world’s growth engine, slipped into a bear market…
Wall Street Left Reeling as 2018 Upends Almost Every Bet
