The stock market rout resumes

No point putting anybody else’s strategy up because they’re all wrong. BofA has been and remains spot on.

The World in a Nut: inflation in America, stagflation in Europe, deflation/devaluation inChina/Japan, bear market on Wall Street.

The Biggest Picture: S&P500 loss adjusted for inflation YTD =18.1% = US stocks in real terms on course for worst annual drop since 1974(Chart2).

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