In fact, every major asset class has been sinking over the past year and recording major negative returns or unchanged performance. This is the conclusion of a new report published by CNBC that summarizes the performance of markets this year.
As the report shows, the activity of trading shows a series of shorts on stocks, commodities, corporate bonds, government debt and literally every other asset class available in markets around the world.
A few weeks ago, the Morgan Creek founder Anthony Pompliano pointed out that the S&P 500 lost more than $755 billion in approximately 4 hours of trading as the general market showed no signs of stopping.
The S&P 500 lost almost $755 BILLION today.
That is more money lost in a single day for public equity investors than all crypto investors combined this year.
The math don’t lie! 🤷🏽♂️
— Pomp 🌪 (@APompliano) December 4, 2018
For cryptocurrencies, the year has been more than just negative. Nearly 80% of their value has been lost since December 2017 last year. In total, about $700 billion of market capitalization has been wiped off as investors brace for a so-called crypto winter in the absence of any optimistic predictions.
The only winning options this year have been commodities such as natural gas, wheat, cocoa, oats, palladium and corn.
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