A new wave of sales is sweeping the world financial markets. This is, perhaps, the most dramatic wave since August 2011, when the USA lost its AAA sovereign rating and was on the verge of default.
This time there was no clear reason for a sudden drawdown.
Indeed, the American stock market is overheated. By the way, at the beginning of February it was mentioned by the former Chairman of the Federal Reserve of the United States Alan Greenspan: “There are two bubbles: We have a stock market bubble, and we have a bond market bubble.”