Not healthy for the global economy or The US stock market or other “risk on” markets. Unless it forces U/Ben to print more. Remember he doubled down in December when $45B/month (QE 3 announced in Sep) didn’t send stocks higher.
Gold is down 9% which is over 1300 Dow points
Silver fell nearly 12% which is almost 1775 Dow points
Crude Oil down 3% almost 450 dow points
Few other Markets:
- Platinum down 5% almost 735 dow points
- Palladium down 6% almost 885 dow points