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A mass exodus of money, an $16 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.

Money is continuing to leave every asset class and the exodus is deepening

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

(Bloomberg) -- European stocks retreated ahead of the earnings season as investors mulled whether the rally that had propelled the market to an 11-month high could keep going amid concerns about new Covid-19 restrictions. The Stoxx Europe 600 Index dropped 0.2% at the close, with retail, miners and travel sectors leading the declines. Banks were 0.9% lower after Bank of America Corp.’s fourth-quarter sales and trading revenue missed estimates and Goldman Sachs Group Inc. shares fell despite a surge in profit. Expectations for this year’s earnings season are running high after the Stoxx 600...

U.K. Shares Surge on Brexit Deal, Leading European Stocks Rally This content was published on December 29, 2020 - 17:13 December 29, 2020 - 17:13 (Bloomberg) -- U.K. stocks led a rally in Europe, with the FTSE 100 Index jumping in its first trading session since a Brexit deal was struck with the European Union. The FTSE 100 Index rose about 1.5%, closing at its highest level since early March, while the FTSE 250 gained 1.7%, as stocks most exposed to the British economy helped the advance. EU governments have now formally approved the free-trade agreement with the U.K., paving the way for the...