VIX is spiking (admittedly to just above 12) as US equity markets are tumbling following the path of the USD (biggest drop in 6 months). The Dow just gave up all its 2017 gains (with Small Caps -0.8% on the year) as gold leads all asset classes.
Desk chatter is that this comment from The Fed sparked the initial anxiety…
- HARKER: WHEN RATES AT 1%, NEED TO LOOK AT UNWINDING BAL SHEET
This is The Dow's biggest drop in 3 months…
Gold is leading the way for 2017…
via http://ift.tt/2igWP9a Tyler Durden