We are approaching the end of the Seasonally weak first three weeks of January.
True to its weak seasonal tendency the various stock and bond markets in the USA are enduring a substantial decline.
There is a tendency, historically, for these markets to rally upwards for the three and a half weeks following January 27th or so. That coincides with the end of the current earnings season.
So, perhaps we are in for a respite from the unrelenting bad news starting on Wednesday. I surely hope so.