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Stocks slipped again, as the Dow Industrial Average fell for a 5th straight day, down about 300 points from all-time highs reached two-weeks ago (1/6) and at 6-week lows heading into tomorrow’s Presidential inauguration. Today marked another round of positive economic data with jobless claims plunging and housing data rising. The dollar rebounded on the better data and as ECB President Draghi said QE may be expanded if needed (which weighed on gold)…but the dollar pared gains and bonds pared losses. The CBOE Volatility Index (VIX) tops 13 level, above 2-week highs and up for a 3rd day. The NASDAQ 100 Index touched a record intraday high earlier – before sliding. In tonight’s learn about SKEW and the opportunity it presents in the short term…
