The late-day exuberance from New Year's Eve has been dismissed as JPY strength has dragged stocks to one-week lows this morning (catching down to VIX's warnings from last week). Gold ($1225) and Silver ($20) are notably higher this morning as WTI crude is significantly lower (back under $97). Treasuries are modestly bid from earlier levels with 10Y holding 3.00%.
USDJPY's collapse has sent stocks stumbling...
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As the S&P catches down to VIX's warning from last week...
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with bullion surging and crude dumping...
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