Stocks and bonds fell after Fed Brainard’s hawkish comments to shrink the balance sheet rapidly. The Dow slipped 0.8% and the Nasdaq fell 328 points (-2.26%). SPI Futures are down 48 points (-0.46%). Get up to speed with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 48
• Dow falls 281 points (0.8%)
• Nasdaq down 328 (2.3%) S&P down 58 (1.3%)
• Base metals mixed. Oil falls 0.8%
• Gold down 0.3%
• Iron ore up slightly. 10 year yields in US up to 2.55%

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