'Too early to tell' if jobs slowdown amounts to 'real weakness': Fed's Daly

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Google loses antitrust trial in major blow to tech giant

The Crowded Trades Hit by Market Selloff

The selloff in risky assets accelerated Monday, exacerbated by the unwind of crowded trades and lower liquidity during peak summer, according to investors and analysts. "We've got these massive moves that are creating more massive moves because people are in the wrong positions and they have to get out," said Peter Schaffrik, a macro strategist at RBC Capital Markets. Until recently, many investors were concentrated in the same trades, according to a July survey of fund managers by Bank of America.