Rampaging Stock Bears Slowed at Key S&P 500 Technical Level
Risk assets swept up in rout as 'fear gauge' soars
Major Averages all down by more than 2%
A selloff in the riskier corners of the market deepened as the U.K.’s plan to lift the economy fuelled concerns about heightened inflation that could lead to higher rates, adding to fears of a global recession.
It was a sea of red across equity trading desks, with the S&P 500 briefly breaching its June closing low. Chartists looking …