Stories

Global markets could have "a much bigger shakeout coming"

Trader on the floor of the NYSE last week
Photo: Spencer Platt / Getty Images

"The world’s biggest hedge fund ... warned that global markets are entering a new era of volatility as the world adjusts to higher interest rates after a decade of ultra-loose monetary policy," the Financial Times reports on the front page.

Why it matters: After Wall Street's worst week in six years, the FT pointed over the weekend to "The end of an era of tranquility" and the beginning of "The age of instability."