Global Market Trend As Of June 14th, 2022

The selloff has erased over $9 trillion in market value, according to Bespoke Investment Group, that’s $1.2 trillion more than during the Financial Crisis of 2007-2009 the firm detailed in a research note.

Bear Market Stats

Treasury yield, The bond market saw its own volatility as the two-year and 10-year Treasury yield curve briefly inverted early Monday morning, a known predictor of a recession. Both yields are sitting at 52-week highs of 3.379% and 3.371%, respectively. 

FED Rate Decision, Falling stocks and rising yields come ahead of the Federal Reserve’s decision on interest rates due Wednesday. Investors also got word via a Wall Street Journal report released Monday afternoon that policymakers are reconsidering a 0.75% rate hike, in a possible surprise to the market.

The possible, more aggressive tightening cycle, also follows consumer inflation data for May that surged 8.6%, more than expected last week, and a possible producer price index reading, due Tuesday, that may hit 11%, according to economists' estimates. 

Consumer assessments, "Consumers' assessments of their personal financial situation worsened about 20%. Forty-six percent of consumers attributed their negative views to inflation, up from 38% in May; this share has only been exceeded once since 1981, during the Great Recession" wrote Surveys of Consumers Director Joanne Hsu.