Fears of Fed taper: Fed officials have been in major damage control mode, since Fed chairman Ben Bernanke kicked off tumult in the stock, bond and gold markets last week. He said the central bank could wind down its stimulus program later this year, if the economy continues to improve.
Fed governor Jeremy Stein, while trying to allay investor fears, appeared to have inadvertently stoked them Friday. He said the Fed could "hypothetically" consider tapering its bond buying in September.
Richmond Fed president Jeremy Lacker said the Fed will keep buying bonds, "though at a decreasing rate over the next year."
Bond, gold carnage: The mere mention of any end to bond buying has recently sent bond investors scrambling for the exits. The yield on the 10-year Treasury note hit 2.65% earlier this week -- its highest level since August 2011 and well above the 1.6% in early May. The yield hovered around 1.5% at the end of Friday's trading day.
Gold prices have been slammed as well. Gold rose 1% Friday, but the precious metal slid 13% this month.
As volatility rose in June, so did the CBOE Volatility Index(VIX). The VIX rose 4% this month, and 37% for the quarter.
CNNMoney's Fear and Greed Index has had a wild quarter as well. A month ago it was in greed and even nudged into extreme greed in mid-May. But once Bernanke hinted at tapering, the needle quickly shot over to extreme fear.