Dollar, SPX Post A Single Day's Tentative Correction Ahead of State of the Union

Talking Points:

• The 0.68 percent slide from the S&P 500 Monday was the biggest drop in months, but doesn't break the deep sense of complacency
• Monday's close would neither break the aggressive trend channel of the past month much less turned more systemic one-direction cues
• As high as SPX is and quiet as VIX has grown, the milestone of 113 trading days without a 1% drop (a 52 year record) is troubling

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Source: DailyFX - Forex & Macro News (via YouTube)
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