rates appear to be frozen in time, with economic data—whether good or bad—having no effect on the long end of the curve. Today’s CPI report, which missed on the core, had no impact on the 30-year yield.

Visa (V) with a possible bounce play off of the rising trend-line, but could see further selling down to a more conservative drawing of the same trend.

Momentum has been the defining factor in equity leadership over the past couple years, and Bill Nygren’s fourth-quarter commentary captured that dynamic directly.

EUR/USD trades with losses on Tuesday, even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets.