Dow 20k Disappoints For 14th Day As Crude Crumbles, Peso Pounded

Disappointment again…
Early exuberance in stocks – as overnight gains suggested panic buying at the US open, faded rapidly as financials and tech faded and crude plunged (despite better than expected data)… then after NYMEX closed VIX was smashed lower and stocks lifted…
S&P was best on the day, Trannies were red (thanks to Ford news impacting rails)… NOTE – stocks ripped at the open, then dumped into the European close, then went nowhere…

This post was published at Zero Hedge on Jan 3, 2017.