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• The S&P 500 has suffered its biggest weekly drop in four years, fueling fears of true 'risk aversion'
• While equities' plunge is a strong sign of sentiment, speculators have been deleveraging for some time
• Stocks are a first line response to this bout of fear; but the mix of Euro, Yen and Dollar will prove unusual
The hold out for speculative sentiment took a serious blow this past week. Global equities tumbled led by US stock benchmarks. The S&P 500 collapsed 5.8 percent …
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