The vortex of ‘suck’ known as the S&P 500 is down 21 points, or 1.5%, to 1353.
USD/CAD is at the highest in three months. Other risk trades are sliding but not as much as the walloping in stocks would suggest.
The big level for stocks now is 1346, which is the 61.8% retracement. If that breaks, it’s back to 1266.
