Humpty Dumpty Time

December Options expiration week is historically one of the strongest weeks of the year for stocks. Wall Street lets its hedges expire and otherwise goes ALL IN for the traditional "Santa Rally". This year, it's not working out that way...

What Wall Street is banking on...Literally:

MW: Nov. 30, 2015

Since 1928 December HAS NEVER Been The Worst Month of the Year

What is actually happening this December, as of yesterday:

"another troubling statistic...this month’s moves are bucking a typically placid trend for December...since 1990 the VIX has bottomed out for the year in December more than in any other month"

This week the Dow closed 137 points lower than last week, despite traversing an asinine 1,500 points up and down during the week...

An 8% gyration to end down on the week...

No surprise, realized volatility is not going down

"FANG" rolled over this week (Facebook, Amazon, Netflix, Google)

And we know what happened last time...

And the world's largest cap stock is trading like a brick. And we know what happened last time...

And equal weight S&P:

Financials

Wednesday. Immediately Post-Fed release: