The S&P is down 18 at 1952 while the Dow is -140 at 16740. The Nasdaq is off 45 at 4417.

US 10 year yields have been up though 2.60% to 2.61% and currently give you 2.58%

Stocks are dropping further in Europe with all except the FTSE off over 1.0%

There’s a whole mix of things to choose from to explain the falls. Whole Foods Inc and Exxon missed on their earnings. Exxon’s gas and oil production fell to the lowest in 5 years and that’s hitting energy prices too.

The market might be waking up to the fact that the Fed party is coming to an end, though we’ve been here many times before. This time it feels different though doesn’t it?