US equities saw a second day of moderate weakness, but there was a distinct latter day recovery... much like yesterday.
Notably, the VIX still fell shy (if only by 0.01pts) of the low teens. If equities push back into the 2300s - as seems due, VIX 10s look due once more.
January 2017 was a stark contrast to January 2016.
Whilst Jan'2016 saw a net monthly decline of -103pts (5.1%) to 1940, this month saw a net monthly gain of 40pts (1.8%), settling at 2278, having recently seen a new historic high of 2300.
As ever.. one month does not maketh a year, but its an unquestionably strong start for the equity bull maniacs.
Goodnight from London