Fear of financial crisis unleashed chaos across markets this week. These 7 charts show how the shockwaves engulfed stocks, bonds, and commodities.
. The gauge still remains way below the highs hit during previous periods of market turmoil, such as the pandemic-fueled selloff in 2020 and the financial crisis of 2008.An index that captures the risk premium attached to the debt of poorly rated companies just climbed the most since the financial-market turmoil of early 2020, when the world was reeling from the outbreak of the coronavirus.
"Keep an eye on the yield curve 'de-inverting'. We're now getting close. The day that happens after an inversion, the countdown to recession starts in earnest: average of 4 months and median of 2 months," veteran economist David Rosenberg US two-year bond yields have plummeted by more than 100 basis points in the past week as the banking turmoil prompted investors to scale back bets that the Fed will push ahead with aggressive interest-rate increases.
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