S&P 500 down 4.5 points to session low
A dark cloud has settled over the stock market and it's quickly sapped the rally in USD/JPY. The S&P 500 had been up by as many as 6 points but has now broken below the post-opening low.
Yesterday's low of 1929 is the spot to watch. Last at 1939.
I've said it a few times now: If stocks can't rally on a dovish Fed, what's going to make them rally?
