Quincy Krosby couldn’t wait for trading session to be over. It was one of those days with losses so gigantic that looking at stocks wasn't enough.
Investor fears of stagflation are at the highest since the 2008 financial crisis, while global growth optimism has sunk to a record low.
Majority of the 266 investors surveyed by Bank of America Global Research think "black gold" is going to remain the year's biggest winner.
S&P 500 entered bear market country on June 13, down 21% from its high on Jan. 3, while Nasdaq has been in a bear market since March 2022.