European shares are sharply lower. The Japanese Nikkei fell by more than 7%. Is this the start of a new trend in equities?
Saxo Bank's Peter Garnry says it could be. Weak data from China and concerns the Federal Reserve will end its QE programme sooner rather than later has investors spooked.
Garnry tells Owen Thomas you've got to be careful. And things are going to be volatile for a while. 
Get more from Peter Garnry at http://www.tradingfloor.com/traders/peter-garnry