It has been a bad fortnight for Vendors. Rocked by geopolitical turbulence, Trump’s flip-flopping on tariffs, and a new era of apparent self-inflicted inflationary isolationism, the US and Asian markets have seen major sell-offs. Europe has performed relatively well, and the Operators segment continues to be a safe bet in times of Vendor turmoil. In the week before MWC, the combined market cap of the Vendor segment stood at $9.16 trillion. In the week of MWC, it had fallen to $8.45 trillion. Now, it is down to $8.08 trillion – a collapse of $1.08 trillion, equivalent to 11.81% of that pre-MWC total. For the Operators segment, just $6.35 billion has fallen, which is equivalent to 0.68%. For the Indexes, that…