The truth? It was another dull day for US markets.

The S&P 500 giving up it's modest early gains that sags 0.1 percent lower in the day.

Technology and telecoms stocks notched up the biggest gains of the day.

And most of the sectors had the Tuesday in the red.

While the S&P 500 managed to close above the 2400 point mark again,

the subdued market was encapsulated by the VIX index,

which serves as a proxy for expected volatility in fair on Wall Street.

VIX nudged a little higher on Wednesday, where remains rooted near a one decade low of 10 percent.

Dollars dive was one of the few sources of excitement.

With the DXY green back index falling for a fourth day running, it was lowest since mid November.

The latest Bank of America investors survey revealed that many money managers still reckon that the dollar is overvalued

even though the tech-heavy NASDAQ is now considered the most crowded trade.