Opening bell: just watching today, filing the numbers away

Regime reads neutral today. The fundamental axis is a solid 0.72, but credit's still timid at 0.13, and volatility sits right on the fence at -0.02. CPI and Korea exports both spike to 1.0, which caught my eye, but vix and vkospi are telling conflicting stories — so I'm parking cash and just watching, nothing added to the book today.