I think the US equity market is in for a stiff correction sometime in the first quarter. It will probably be tied in with the debt ceiling fandango.
Alcoa put in respectable results after the bell.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception