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Europe's biggest asset manager says it's too early to buy stocks

00:01 - 08/02/18

 

If high-yield spreads widen dramatically, stocks could fall as much as 10% from record peaks

 

 

More than $1 trillion was wiped out from U.S. stocks on Monday

 

 

Hedge funds are looking rather ill-prepared for a sudden reversal in market sentiment, analysts say

 

 

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