It’s been a rough session thus far with the major indices down close to 2%. 

• Dow: 26,023, -551 points, or 2.06%
• S&P500: 2881, -59 points, 1.99%
• Nasdaq: 7763, -144 points, 1.83%

The Dow transports are really taking it on the chin, down about 2.7%, and have had the largest two-day decline in a year, off 5.05% or 515 points.  Airline stocks (big names down over 6%) are the major contributors to the sell-off in the transports.  Delta (DAL) raised its Full Year 2019 cost outlook from +1 to +2, and the stock is 7%. 

Energy is also down over 2% after the latest EIA report showed a larger than expected build.

• Crude:  +3.1M barrels vs. +1.6M consensus, +2.4M last week.
• Gasoline:  -0.2M barrels vs. +0.4M consensus, +0.5M last week.
• Distillates:  -2.4M barrels vs. -1.8M consensus, -3.0M last week.

All eleven sectors are in the red, with the Industrials, Materials, and Technology the hardest hit.  There are simply no safe havens sectors today.