S&P 500 down 26 points

The S&P 500 wants rate cuts and is not happy about any talk that they're not coming.

The index is down 27 points to 2917. That's spilling over into some modest short-term selling in USD/JPY.

It looks like the market is having second thoughts on those all-time highs hit on Thursday/Friday.

S&P 500 down 26 points