(Bloomberg) One of the best starts to a year in recent history for global stock markets is ending with a bump as volatility spikes and a bond selloff deepens, with investors assessing whether prices ran too hard in too short a space of time.Amid warnings of a correction in equities from the likes of Renaissance Technologies, the world’s most profitable hedge fund, and Goldman Sachs Group Inc., it’s clear why there’s concern. The unprecedented surge in stocks over a relatively short period of time has been accompanied by a steep kick higher in government bond yields, reducing the relative appeal that equities have enjoyed for many years during an era of unprecedented central bank stimulus.
How This Market Downdraft Is Playing Out Across the World
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