Frustrating Day

So much for keeping expectations low ahead of earnings. It was all systems go from the start and the bulls managed quite a show.

With just over one-third of January's trading days behind us, the Dow and S&P 500 are up +0.4% and the Nasdaq is leading the way with a +2.9% gain. If that doesn't tell you where the money is now flowing, I don't know what will. In sum, the significant drop in oil prices, below average earnings warnings, and expectations for better than expected earnings are bringing back the buyers.

On my end, it was a frustrating day primarily due to my blatant failure to fully capture at least some of these gains. Nevertheless, I hope this finds you well and the year off to a great start. See you in the A.M.