MW: Dec. 24, 2015
The Chart of the Year. Literally
“If you own the S&P 500, you were bailed out by a handful of giant companies that masked the pain beneath the surface,”
The S&P 500 is flat year over year. The % of NYSE stocks above their 200 day moving average has fallen from 55% to 32% over the course of the year:
FANG versus S&P:
Dollar Yen levitation. In full reversal.
The "Best Santa rally in four years", gets the market back to flat year over year...
FANG levitation. Check
Collapsed volume. Check
Santa Skynet is running out of tricks