The post-Brainard-bounce has been erased...

As yesterday's perfect 61.8% retracement of the Japan/Rosengren plunge is disappearing...

As a reminder, Ryan Detrick points out, the last two time that the S&P 500 was this weak on a Friday and this strong on a Monday was Aug07 and Apr00...

And don't forget - we are in a dark period now - no more jawboning to save the world. We suspect the market will drift lower to ensure The Fed is anxious enough not to hike rates.