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...
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Gold is leading the way for 2017...
(Click on image to enlarge)
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