Stock Market Has Had Worst First Half Of Year Since 2010

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"2018 has so far been all about the bears, with the worst start to a year for world stocks since 2010." -- Reuters

This year has witnessed the worst opening for world stocks since 2010, Reuters reported Friday, resulting in a whopping trillion dollar loss on the global scene.

A grizzly mix of U.S.-China trade tensions, central banks turning off the money taps and cooling growth in hotspots including Europe has wiped a trillion dollars off MSCI’s 47-country world index.

A rising dollar and 16 percent increase in oil prices have given emerging markets a particularly rough time as well, Reuters said.

Argentina's peso ARS= and Turkey's lira TRY= have been shredded 30 and 17 percent, respectively, Chinese stocks have entered bear market territory and EM equities .MSCIEF have slumped 10 percent, or 17 percent excluding a brief January surge.

“People just woke up to the fact that something has changed,” said London & Capital’s Chief Investment Officer Pau Morilla-Giner.

As well as the escalation in global trade tensions “there has been a realization that the big central banks aren’t thinking about stimulating the economy anymore, they are trying to build up capacity in case of recession.”

In the U.S., the S&P 500 and Nasdaq remain in positive territory, though the Dow Jones Industrial average has seen better days, failing to recover from a near 10 percent drop in February.

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