Major averages finished mixed yesterday on lower volume. It is a red flag that markets could not stage even a modest rally after the drubbing they took on Monday. It is a double red flag that markets had the worst start to the year since 1932 and the worst first day close since 2001.
Minutes from the Federal Reserve’s December meeting will be released at 2 PM EST.
Futures are off almost 2% at the time of this writing on news that North Korea has successfully tested its hydrogen bomb, capable of mass destruction. Oil and junk bonds are also trading lower.
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