The picture continues to worsen
Suddenly no one wants to hold stocks into the weekend.
The S&P 500 is down 31 points to 2946. This is a key level as we threaten to break back into the August range.
I think there’s a chance of a bounce here because I don’t think that range will break into the weekend.
It’s also interesting that gold and bonds aren’t sending the same kind of risk-averse signals as the stock market.