Gold Leads As Dow Dive Erases 2017 Gains
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...
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Thanks Tyler for sharing