"Something strange is happening in the stock market as big stocks are reversing sharply lower after opening higher Tuesday.
Thirty stocks in the S&P 500 dropped more than 5 percent from their opening prices with many of the names concentrated in the industrial and technology sectors."
"Net profit margins are tracking at 11.1 percent, which would be the highest level since the third quarter of 2008."
Dividend stocks. The worst implosion since the third quarter of 2008.
"supply chain checks out of Asia indicate that June iPhone shipments are trending well below expectations"
Save some selling for after hours
Here is where it gets interesting. Oil volatility is already rising along with oil. We've never seen that before. Which portends badly for when record futures gamblers head for the exits at the same time...