It was just two days ago on Monday of this week that we were all highlighting the rarity of a 90% “up” day for S&P breadth in a session. Today is Wednesday (yes, two more days to go..) and we have just had an 84% down day as US equities closed at session lows with all major indexes falling under pressure. Cyclicals heavily underperformed Defensives, TLT ETF hit the lowest levels since 2007, DXY (+.3%) moved higher, Crude (+1.7%) advanced its rally, and Gold (+1.3%) is again in favor as risk-o…
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