Early Update

10:29 a.m. ET SP-500 -2.1%, Dow -2% (Transports -2.3%), NASDAQ-100 -2.55%, Small Caps -1.65% Price action has less short term insight and rather is turning more like the Dow or NASDAQ-100 to a larger lateral range in the major averages. For the S&P, this has become clearer as we near tomorrow’s huge options expiration with…