Global financial markets are once again throwing up some warning signs, as the selloff in equities entirely erased the gains made in U.S. stock markets for 2018. The economic and financial turmoil could bleed over into a broader slowdown, which raises pitfalls for oil prices. The risks to financial markets have multiplied this year. The latest catalyst has been turmoil in tech stocks, which once helped drive up the value of equities, but is now dragging down the broader financial system. As the New York Times notes , Apple was worth $1 trillion in October, but is now only worth about $880 billion, a rather dramatic decline in just a month. The so-called FANG stocks – Facebook, Amazon, Netflix and Alphabet (Google) – are not in a bear market . The tech sector is getting hit on multiple fronts. A series of scandals at Facebook have heightened scrutiny and […]