Global stock wipeout at $18 trillion

Forbes reports that there was a record $18 trillion wipeout globally.

With a drop of more than 20% in 2022, the MSCI All-Country World Index is on track for its worst performance since the 2008 crisis.

Tesla and Meta, for example, have lost nearly 67% of their value. Amazon has lost nearly 50% of its value.

Additionally, Mike Wilson said that: The upcoming earnings recession may rival 2008, and markets are yet to price it in.

See full article: https://fortune.com/2022/12/30/global-stock-market-rout-cost-investors-18-trillion-experts-predict-2023/