Review Equities: Red figures across the board. The 33 leading equity indices (covering practically the entire world) displayed on my screen are all in negative territory. From -0.68 in Australia to -3.01 in Brazil. Whether this is the beginning of a major correction or the final capitulation after a minor setback is difficult to ascertain at this point in time. However, it is an important signal because it adds to the risk aversion and hence the volatility that we have seen over the past
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