What’s troubling the market?

Wednesday morning commentary and notes…

Daily Market Commentary

The S&P 500 sold off hard on Tuesday, breaking through September lows and $4240 support.  The index made a low of $4216 on the day as we near the critical 200 day moving average at $4202.

I talked yesterday about the importance of the $4200 level, as the 200 day moving average has not been breached since the March regional banking crisis.  Back then, the Fed stepped in and put a bottom in the market.