Equity markets have been under extreme pressure over the past month (-5% on average), hit by waves of selling. The divergence in performance YTD between the NASDAQ 100 (QQQ) and the Russell 2000 (IWM) is 33%, hitting extreme levels that we saw at market peaks like in 2000. Mish compiled a list of issues overhanging the markets earlier this week in one of her dailies. Here they are in no particular order: China-trade wars and
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