Early Update – S&P Consolidation Around $4k

11:07 a.m. ET Shockingly weak economic data out of China has the market on edge over growth concerns. JPM has downgraded China’s GDP from 1.6 quarter over quarter, to contraction of -1.5% quarter over quarter. SP-500 -0.8%, Dow -0.55% (Transports -1%), NASDAQ-100 -1.45%, Small Caps -0.75%. After Friday’s solid performance to cap off an ugly…