Also, investors will keep a close eye on the steepness of the VIX Yield Curve and not so much the deceiving, low, front month prices. Monday, was NYSE lowest volume trading day of the year ( YTD, down 25% below daily average). Also, Treasuries rallied yesterday into the close as Crude and Silver lost over 1.5%. However, in the morning session today, ES is up 7 pts or (0.51%) at 1373 and Crude Oil is higher by $0.50 at $106.84. EUR/USD is at its session lows trading around $1.3087. Is RISK BACK ON?
ECON EVENTS:
FOMC Meeting: We expect no change, in line with consensus. Will Ben mention the word inflation?
BoJ Meeting: more asset purchases to come>
Mexico IP (Jan): Analysts are forecasting 2.5% number
US Retail Sales (Feb): Retail sales should show a positive increase in February, given strong auto sales, and user-friendly weather.