Eye of the Storm?
28th January 2008
A solid and quiet day all around with the Dow closing up 176. The VIX sold off almost 5% to 27ish. This snap back rally should be close to running out of steam with major news over the next few days. The market will have plenty to digest with Durable Goods Orders, GDP, the FED announcement and Unemployment all slated to be reported later in the week. The Bond market was extremely quiet and flatter thanks to the rally in equities.
- BA