From "Ho Ho Ho" To "No No No"; Santa Claus Rally Goes Negative

Writer at ZeroHedge • Dec 30, 2014 at 11:06 AM EST

The Santa Claus rally, coined by The Stock Trader’s Almanac, is the performance of the S&P500 in the “last 5 trading days of the year AND the first two of the New Year."

The Santa Claus rally, coined by The Stock Trader’s Almanac, is the performance of the S&P500 in the “last 5 trading days of the year AND the first two of the New Year." That means this year it is the performance from the close on 12/23. This morning's USDJPY-driven (home-prices helped) weakness has sent the Dow and S&P 500 into the red - extinguishing (for now) the gift that Santa left...

The only thing holding stocks up for now is 119.00 USDJPY

Charts: Bloomberg

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