FINANCIAL ASSET DECLINE WORSE THAN THE GFC

Why the 'tourist thinks we are getting closer to a "Fed slowing of tightening"

It looks like I picked a heck of a week to miss on vacation. I’m still getting caught up, trying to get the feel of the markets again, but I wanted to quickly run through the damage this correction has wrought.

The other day, George Pearkes from Bespoke Investments published a chart of the market capitalization loss for the combined U.S. equity and fixed…