Dow Drops 450 Points, Bond Yields Tumble After Cohn Leaves

Gary Cohn’s resignation (seemingly confirming the globalist’s worst nightmare on Trump tariffs) combined with China trade war escalation have sparked a major risk-off shift in US equity futures and bid for bonds and bullion in early Asian trading.

Dow futures are down 450 points from the close…

 

And 10Y yields are around 5bps lower as they open…

 

Given that Cohn was unable to persuade Trump to stop, perhaps Plan B is ‘crash the stock market’?