Welcome to the new year! So far, it appears little has changed from 2017. All major indices are up, with the Nasdaq and FAANG leading the way. Similar to our 2017 playbook, Tech started the year off with a bang! For all you Dow theorists out there, both the Dow Jones Industrial Average and the Dow Jones Transportation Average are resting nicely at all-time highs. Not to be left out, the VIX also is hovering near all-time lows — a supposed sign of a dearth of fear in the marketplace. The yield curve has continued to flatten as both the 10 year and the 2 year have 2 handles. Evidently, the markets were not made aware of a new year, as the script remains the same thus far. So where does that leave us?