Dow Dumps 400 Points – Biggest Drop Since Brexit, VIX Tops 15

Well, that escalated quickly…

 

The Dow is down 400 points – the biggest drop since June 2016’s Brexit vote surprise – and down over 600 points from its highs yesterday…

 

As is clear above, VIX is also spiking – back above 15

 

Notably, bonds are also getting hit, creating a second day in a row of combined negative returns for bonds/stocks…

 

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