The markets appear to be staging a recovery with indices approaching all-time highs after recent pullbacks. Bitcoin surged toward $95K while silver jumped 4%, reaching new highs at $31.60 in futures markets. Mike noted market resilience as he closed several January positions, including UAL and Palantir trades. Jermal closed multiple Delta Buster trades on Tesla, January Q's, and other positions to reduce risk ahead of upcoming market events. In agricultural markets, the December WASDE report showed reduced corn ending stocks, driving prices up 0.8% while soybeans and wheat declined. The traders discussed SPX strategies with several participants initiating new iron condors and call calendars ahead of the Fed meeting, which has a 90% probability of delivering a 25-basis point cut.