But not the U.S equity market, with the VIX (the Volatility Index, a measure gauging future anticipated stock market volatility) trading at an astonishingly low level.

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In brief, the theory posits that when the Dow Jones Transportation Index diverges from the Dow Jones Industrial Index, it is a negative sign for future stock market returns.

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And over in Moscow, a new trading record was set on the RTS Index future contract, the most liquid instrument of the Russian financial market.

FORBES: Europe Markets Brief