KneeJerk reaction turns into Full Blown "Panic Selling" as Financials lead the way down
Financials hurt by Home Price Index because if homes are still falling then people will not step up and buy this Spring.
December Home Price Index -1.6% vs +0.4% consensus
and the jobs market is not helping either:
Initial Claims 496K vs 460K consensus, prior revised to 474K from 473K