Volatility is Back: Futures Swoon as WTI Gets Hit

I thought Brainard said they weren’t going to hike rates?

Futures are lower by 11, as WTI crude gets smashed to pieces, now off by 2.3%. It’s important to note that defensive assets, such as bonds and gold, are rallying.

It appears volatility has returned to the marketplace, as people try to make sense of all the fuckery.

Good morning.