U.S. equities found a pitfall that got underway in Asia and then spread to Europe after the Bank of Japan failed to pour more gasoline on the stimulus fire.
We did have an amazing paring of losses over the past hour briefly going positive for a tick or two.
Financials lead the negativity putting in the worst performance, while commodities also remain weak due to a slowdown in China.
The markets seem to have a problem breaking out above 1640 S&P, but seem to hold the 1620 level for now. Soon come, longer term direction will be had once the markets decide how to deal with tapering possibilities.
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