Stocks were weak most of the day.
In the afternoon the World Health Organization (WHO) gave its report on the coronavirus, and declared it a global emergency, but held off declaring travel bans, trusting to China and the nations to take the appropriate measures.
And that put a fire under stocks and tossed risk concerns to the winds.
After the bell Amazon announced 'better than expected' numbers and big tech soared, with Amazon joining the Trillion Dollar Market Cap club.
Gold and the Dollar and VIX gave it up as it became clear that Davos Man has once again defied reality.
Have a pleasant evening.
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