January is finally over.
There was hardly no escaping the storm that swept across global financial markets, and the chart below from Deutsche Bank illustrates that.
The first few days were the worst start to a year ever for stocks, and January was the weakest month for the Dow and S&P 500 since 2009.
Chinese stocks continued to free fall, and crude oil fell to the lowest levels in 12 years. And so on.
The only things that actually didn’t fall in January was the price of gold, silver, and US Treasury bonds.
“Welcome to February and if it’s anything like January, financial markets won’t be best pleased with having an extra leap day to contend with by the time the month ends,” Deutsche Bank’s Jim Reid wrote to clients on Monday.
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