As the recovery from the pandemic took off last year, everything investors touched turned to gold.
The US stock market leaped 27%. Bitcoin rocketed to a record high. Commodities like oil and copper soared. Even alternative investments, from trading cards to wine, experienced a boom.
Now, the glee of the "everything rally" has been punctured, triggering the worst sell-off since 2020.
The S&P 500 churned again on Monday, finishing below 4,000 for the first time in more than a year. The Nasdaq Composite plunged 4.3%. It's now more than 27% below its recent peak.
It wasn't just stocks that got pummeled, either. Crypto's took a blood bath. Many are trading more than 50% below their record highs.
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