• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: Global equities have lost $12 trillion in market cap since peaking last June. That's a 19.9% decline!

Eviscerated ... $12,000,000,000,000+ Erased Since Global Equity Top - Stocks crash test dummies cartoon 02.18.2016

Don't believe that the global economy is slowing?

Since peaking last June, global equities have lost $12 trillion in market cap as of this morning. Take a look below at the Bloomberg World Exchange Market Capitalization index.

Yep. That's a 19.9% decline...one hair away from full-blown crash mode.

Eviscerated ... $12,000,000,000,000+ Erased Since Global Equity Top - bloomberg world market cap

Here's a look at select equity markets around the globe and their drawdowns since then:

Eviscerated ... $12,000,000,000,000+ Erased Since Global Equity Top - global equities 6 29

What's the big message here?

For starters, global demand hasn't bottomed ... and the outlook remains unequivocally bearish.