News Desk
The financial markets — stocks, bonds, commodities and options — are more interconnected globally than they’ve ever been.
That’s because of growing international trade and cross-border investments, and highly liquid, nimble capital markets. As one part of the world sneezes, the rest of the world catches a cold almost instantaneously.
This cascading risk is what the U.S. and worldwide markets faced in March 2020 with a rapid decline in asset values — stocks
SPX,
-0.31%,
bonds
TMUBMUSD10Y,
1.612%
and even gold
GC00,
-1.24%,
all at once — that led to the precipice of a systemic meltdown.
Fortunately,…
Read More from www.marketwatch.com
