Has there been a subtle shift in the market sentiment in the past 24 hours? Previously there has been significant selling pressure on equities, coupled with a preference for safe haven assets. However in the past day we have seen the VIX Volatility Index begin to pull lower, a recovery in gold begin to roll over, and the buying pressure in the yen begin to subside. The earnings for the big US banks started to come through yesterday with a broad picture of decent performance from JPMorgan Chase, Citigroup and Wells Fargo. The performance on Wall Street was improved albeit a tad disappointing to close the session just ... (full story)