Traders now focus simply on survival, not returns

LONDON (Bloomberg) -- Whatever happens in Friday trading, however this week and month closes out, two things are certain in global markets: The scale of February’s moves have few precedents, and everyone involved is going to have stories to tell.

The S&P 500 Index is threatening a seventh day of declines, which would be the longest losing streak since 2016. Some US$6 trillion has been wiped off global stocks in this sell-off, while already expensive government bonds have seen so much demand that record-low yields seem to be printed daily.