Another bruising week for the market. The Dow Jones Industrial Average lost nearly 3,000 points in one day—and is trading just over 20000. Circuit breakers were tripped twice, briefly halting all stock trading. Crude oil futures hit an 18-year low. In a particularly distressing sign, investors were even selling long-term government bonds. It was a week where nothing felt safe to hold.
The Dow and S&P 500 are both on course for double-digit percentage declines for the week, extending the losses from their mid-February peaks...
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