How Much Have Global Equities Tumbled Since 2018 Peak?

-$8,700,000,000,000

That's $8.7 trillion...

From the 2018 peak, world equity indices are down -10% from $87 trillion in market capitalization to $78.6 trillion.

Below are the top-10 largest drawdowns in country-specific equity markets from the 1/29 peak in global equities:

Venezuelan: -77% Luxemborg: -54% Argentina: -44% Turkey: -32% Brazil: -28% Kazakhstan: -25% Poland: -25% Hungary: -24% South Africa: -23% China: -21%

Got Global #GrowthSlowing? Yep.

Source: Bloomberg World Exchange market capitalization