Below we highlight our trading range charts for 22 equity markets around the world. The blue shading represents one standard deviation above and below the index's 50-day moving average, while the red and green shading represent 2 standard deviations above and below. It's no surprise that equity markets have gotten slaughtered around the globe, but highlighting the declines through these charts shows just how bad things have gotten. At some point these indices will move back into the middle and top of their trading ranges.
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