I tried to do analysis of world financial indices based on breakout/ breakdown days. Most world equity indices are showing 10-20 days breakdown as on 18th Feb. This includes Asian markets like HangSeng and Nikkei.

Same is the case for Oil/Gas commmodities, and some agri-commodities also like Corn, Wheat, Soyabean etc. So nothing is getting spared.

On the other hand, US Dollar index, Gold and Silver are showing 20 days upward breakouts.

Overall, this again shows building risk aversion and flight of capital towards safety. It also points to several months of uncertainty and no investor is willing to bet on equity markets. In such environment one cannot expect any great returns from equities in next few months at the least.