On Thursday investors again ran for the exits amid chatter the economic recovery had either slowed considerably or stalled out all together.
This time, the offending economic data came in the form of factory activity in the U.S. Mid-Atlantic region which plummeted in August, falling to the lowest level since March 2009. To make matters worse, existing home sales unexpectedly dropped in July.
Jittery investors sent the S&P sharply lower and pushed the Dow down well over 400 points by mid-session.
Is the sell-off a sign that the second half will stink?
For insights, the Fast Money market pros turned attention to Treasury yields which plunged again on Thursday.