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The wrath of the margin call selling spared no one, as safe havens including gold (GLD) and Treasuries (TLT) were also dumped during the epic collapse of the stock market. Particularly for gold, the slump wiped out 7+% year-to-date gains and turned negative within a matter of 2 weeks.
Source: WingCapital Investments
"Cash is king" became the predominant theme with the U.S. dollar (UUP) index on the verge of breaking above multi-year high.