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Stocks sill trading weaker (SPX eminis -75.25 at 4502.5, -1.64%), little off recent lows (4500.75) after surprise hawkish pivot from StL Fed Pres Bullard support of 50bp liftoff in March a little over an hour ago -- and little over a week from downplaying a 50ps hike in March (though he didn't have the benefit of knowing Jan CPI would come out at 0.6%).

  • Technicals: Breach of first support: 4438.50/4395.50 Low Feb 4 / Low Jan 31 will bring attention on the 4212.75 low from Jan 24 -- remains key short-term bear trigger.
    • Late day lagging sectors:
    • Utilities -2.56%
    • Real Estate -2.37%
    • Information Technology -2.30
    • Industrials -1.50%

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