The market is getting raggedy.  A glitch saw several stocks including Berkshire Hathaway (BRK-A) down 99% and the early rally fizzled quickly.  

The S&P 500 is back in fear territory and economic data continues to disappoint. 

Curious Action

Bond yields are down, oil is down, and so are stocks.  It’s a head scratcher. 

Not only are Utilities (XLU) getting hammered, but many names that made major reversals higher on Friday are back under pressure. 

This is an unnerving session for sure.  Nothing to panic about, but we are also not dismissing it out of hand.  

There is always a message from the market and right now it’s flashing a caution sign.