It's gone from bad to worse for US stocks
This is turning into the worst day of the year
The S&P 500 is down a whopping 83 points to 2842 -- nearly 3%.
The selling has accelerated after breaking Friday's low and now it's turned into a full-on rout.
Interestingly, the bond and FX market isn't doing much with this latest move but if the selling continues, it's inevitable.