‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA

‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA

Investors have lost an estimated $22 trillion in equities, bonds, cryptocurrencies and real estate, which could mean a $700 billion hit to consumption, and maybe more, says Bank of America.