There goes today's gain
Larry Kudlow had some tough talk on China, saying the US won't back down and it's been a slippery slope since.
The S&P 500 is now down 1 point to 2721 after rising as high as 2746.
USD/JPY is starting to take note of the fall but the theme lately is to see big gains in that pair when sentiment is good and small losses when sentiment is bad.