Mixed market internals continue into mid-morning session
Investors are getting spooked. At least the investing "public" at large. But you have to believe many institutions have been looking to "exit" ahead of the crowd. Money managers have been calling for a "correction" of some sort as market indicators have been diverging from market action recently.
Additional key factors concerning investing institutions include:
-Extreme bullish market sentiment
-Worry over economic soft landing vs. recession scenario
-Continued lower oil prices/commodities prices might ignite "recession" scenario
-Democratic policy-making economy killers.
-Falling large cap oil names ( XOM) will pull down S&P index
Key market driver: Friday's release of non-farm payroll report could heighten economic worry scenario.
Prior payroll numbers: 132k vs. projected 115k consensus