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This is the rare time when we can look at annual bars in their pure form, with 2024 finally put to bed. It’s tough to draw many insights from hundreds of days collapsed into a single trading bar, but let’s look at five of them.

We begin with the Nasdaq Composite, which quite obviously had a grand time this year. We closed quite near lifetime highs. I’d like to point out we haven’t had two back-to-back red bars in over TWO DECADES, so, yeah, being a bear sucks. Stay tuned, though.

The Dow Industrials, likewise, hasn’t had more than a single red bar since 2002. It’s no wonder the bulls are so arrogant and self-assured. Tom Lee for the win! Am I right?

I will note that the Dow Transportation Index had a bit more of a sedate year, providing little more than a doji for 2024. The ascent has been steady for decades, however. That’s the magic of trillions of new dollars being created out of thin air.

The S&P 500 is mildly interesting since 2021, 2022, and 2023 all banged around in the exact same range.

Having looked at a dozen index charts on an annual basis, the only one that is screaming jumping-up-and-down bearish is oil, which makes a lot of sense. It’s indicative of the complete economic shitstorm that’s about to take place. Energy isn’t lying, folks. 2025 is going to be horrible. Hear me now and believe me later.

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