Equities off across the board with all sectors down and 96% of the SPX components closing lower – before today we hadn’t closed below 1800 since December 17th. Unlike earlier down days this year, today was very active and we had interest to buy/rotate names on the move lower. Telecom fares best, ‘only’ down 1%, while Industrials were down 3.1%. Good news is there’s only 1 week left to January. Closes: SPX -2.09 % to 1790.29; DJIA -1.96% to 15879.11, NASDAQ -2.15% to 4128.17.