Stocks continued selling off overnight in the Asian and European markets, and US stocks followed the course scraping another layer of foam off the prices.
Volume today was 20% greater than the 20 day moving average. So this sell off had a little force behind it, which is not usual of late.
The VIX is now back to a fairly high level by current standards.
However, there was no 'flight to safety' and little panic in the air. The US Dollar lost its gains from yesterday, and gold did not catch a bid.
The FOMC will be announcing their rate decision tomorrow. I may be out of pocket in the afternoon and the close of trade tomorrow, and will probably either not post, or put out something late if things get interesting.
Trrumpolini will be giving his State of the Union Address tonight.
There will be a Non-Farm Payrolls Report on Friday.
Have a pleasant evening.
