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The Dow Jones ended the week with a 533 point loss pretty much closing on the low of the

day.

All while US treasuries and the US dollar continue to rise and gold and silver continue to

fall, the catalyst for the action on Friday seemed to be a pre-market open interview on

CNBC with St. Louis Fed president Jim Bullard and basically Jim Bullard effectively tightened

monetary policy simply with his words.

And it seems like he undid some of the damage control that Powell tried to accomplish during

his press conference when he tried to take the sting out of the fact that the dot plots

indicated that interest rates might start rising slightly from zero in 2023 as opposed

to 2024.

Well now apparently after we heard from Jim Bullard, the markets now believe that the first

rate hike could actually happen before the end of 2022.

Not this year, not 2021, but maybe a year from now we might actually get the first rate

hike and that is what is scaring the markets.

But what did Bullard say to convince the markets that a rate hike is now going to happen

even sooner than they thought the day before?

And basically what Bullard acknowledged was that the Fed is actually talking about tapering

...