Stocks finished the day higher, with the S&P 500 climbing by 55 bps. As noted yesterday, there is not much IV left to crush, and after we are scraping the bottom of the barrel.

December data gives the National Bank of Poland grounds to continue its pause in the monetary easing cycle, as wage growth accelerated, while activity growth in industry and construction came in well above market expectations.

The Nasdaq has managed to stage a counter rally to the breakdown, but the symmetrical triangle pattern has played out, so need to look at new support and resistance.

The Dollar continued its slow cascade lower. Gold and silver rocketed to new highs.

he Fed can create credit out of thin air, with the stroke of a keyboard. Its resources are effectively unlimited—that’s the Cookie Jar.