State-side, we had the release of housing starts. The numbers were mixed after factoring in the positive revisions of last months numbers. The S&P was indicated as low as -0.9%, but has subsequently recovered to down only -0.2%. I am now expecting the FOMC to be dovish given the recent turmoil in oil and the Ruble. The strong IP number yesterday was driven by autos and energy, but we know energy is weakening, so this number should be discounted.