Hawkish Kaplan Comments Send Dow Crashing Down 500 Points, VIX Above 16
by Tyler Durden
ZeroHedge.com
Fri, 02/02/2018
“No brainer?”
The latest leg lower in stocks appears to have been triggered by The Fed’s Kaplan who sounded notably hawkish:
*KAPLAN SAYS CONCERNED TAX CUTS WILL LEAVE U.S. MORE LEVERAGED
*KAPLAN: IF WE WAIT TO SEE ACTUAL INFLATION, WE’LL BE TOO LATE
*KAPLAN: BASE CASE IS FOR 3 RATE HIKES IN 2018, COULD BE MORE
This is the market’s biggest single-day drop since Brexit.
The Dow is down over 500 points…
The Rest…HERE
