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S&P 500 Closes 2014 Weak, Up 6th Year In A Row; Treasuries Triple Dow's Gains

Tyler Durden's picture




 

For 2014, Bonds beat stocks, "shorts" beat "longs", credit flashing red, Oil flashing red, GDP expectations flashing red... Happy New Year...

 

But today was ugly... when bonds closed (at 2pmET) stock staggered...

 

So much for The Santa Rally...

 

As stocks start to roll over on the Post-FOMC gains...

 

As Energy stocks start to catch down to oil again...

 

 

VIX rose dramatically having retraced almost the entire post-FOMC compression... (back over 19)

 

December closed red for all but Small Caps...

 

*  *  *

2014 was the year of the US Treasury long bond... almost tripling the gains of the Dow...

 

And NOT the year of crude oil...

 

Trannies were best on the year... (among the major stock indices) outperforming Small Caps by almost 2000bps!!

 

All S&P 500 sectors were green apart from Energy's slump...

 

Stock Shorts did well - "Most Shorted" Stocks dropped 13% - most since 2007 and (if you were unlevered short) outperformed the S&P 500...

 

Credit markets flashing massive red warning signals...

 

A rather stunning flattening in the Treasury curve on the year as 2Y rose over 28bps and 30Y yields fell over 120bps...

 

The USD Index rose 12.5% on the year led by EUR, JPY, and SEK weakness...

 

Oil Producers saw their currencies slammed (of course led by Russia)

 

Charts: Bloomberg

Bonus Chart: Are You Kidding Me?

 

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Wed, 12/31/2014 - 17:08 | 5610278 spastic_colon
spastic_colon's picture

"....need the GI Joe with the kung fu grip...they out there...."

Wed, 12/31/2014 - 17:27 | 5610357 Heavy
Heavy's picture

That guy helped me beg for my first XRP/Ripples!

Here's thread: https://xrptalk.org/topic/4654-i-just-signed-up-now-what/?p=57421

Wed, 12/31/2014 - 17:30 | 5610369 Atlas_shrugging
Atlas_shrugging's picture

Last 30mins of trading looked like the last guy out was going to be stuck paying the bill.  Merry New Year all

Wed, 12/31/2014 - 17:32 | 5610376 Jeff the Terrible
Jeff the Terrible's picture

 Happy New Year!

 

http://y2u.be/VI6tBwVjyOY

Wed, 12/31/2014 - 17:30 | 5610373 Jeff the Terrible
Jeff the Terrible's picture

Noone can say they couldn't see it coming when the S&P bubble finally pops. Happy Leveraged New Year!

 

http://y2u.be/VI6tBwVjyOY

Wed, 12/31/2014 - 17:30 | 5610374 Jeff the Terrible
Jeff the Terrible's picture

Noone can say they couldn't see it coming when the S&P bubble finally pops. Happy Leveraged New Year!

 

http://y2u.be/VI6tBwVjyOY

Wed, 12/31/2014 - 18:54 | 5610622 Consuelo
Consuelo's picture

I'll take my Porterhouse medium well, thanks -

 

 

Wed, 12/31/2014 - 18:08 | 5610500 shitco.in
shitco.in's picture

Why would you use centralized garbage like Ripple when Bitcoin exists? 

Thu, 01/01/2015 - 01:54 | 5611542 tplink
tplink's picture

my best friend's half-sister makes $77 every hour on the computer . She has been laid off for 5 months but last month her pay check was $14292 just working on the computer for a few hours. read... www.works3.com

Wed, 12/31/2014 - 17:09 | 5610279 buzzsaw99
buzzsaw99's picture

treasurys will be easy money in 2015 as well

Wed, 12/31/2014 - 17:34 | 5610385 Bay of Pigs
Bay of Pigs's picture

Amazingly, you are most likely correct. Again. You made that call a very time ago. Well played Sir.

Happy New Year buzz, and best wishes in 2015.

Wed, 12/31/2014 - 17:10 | 5610286 Al Huxley
Al Huxley's picture

We need a new fucking chairwoman to run things.  This one doesn't understand her job at all.

Wed, 12/31/2014 - 18:06 | 5610485 noben
noben's picture

Chairwoman Nuland is happy to oblige.  When she's available.

Right now she's ringing in the New Year in Kiev.  Toasting another "Fuck the EU!"

Wed, 12/31/2014 - 18:31 | 5610574 buzzsaw99
buzzsaw99's picture

Exactly!

Wed, 12/31/2014 - 17:10 | 5610288 Bottomofthethird
Bottomofthethird's picture

Where's the gold chart?? 

lol.

Wed, 12/31/2014 - 17:10 | 5610294 FieldingMellish
FieldingMellish's picture

Relatively good showing by the miners which were green until that last few minutes. Lots of shorts closing positions for the year I suspect.

Wed, 12/31/2014 - 17:11 | 5610303 Al Huxley
Al Huxley's picture

It takes a special kind of buyer to buy miners (or even close shorts) on a low-volume holiday with gold breaking below 1200 convincingly and closing in on the all important 1180 number again.  Oh well, I'm sure they know what they're doing - maybe this year will be the revenge of KWN!  GDX did give up another nickel after hours though, so the celebration at KWN might be a little premature.

Wed, 12/31/2014 - 17:12 | 5610305 spastic_colon
spastic_colon's picture

i beg to differ, the "santa rally" started in march of 2009

Wed, 12/31/2014 - 17:17 | 5610322 buzzsaw99
buzzsaw99's picture

november 1987

Wed, 12/31/2014 - 17:29 | 5610364 spastic_colon
spastic_colon's picture

indeed....i stand corrected, anything past LTCM for me now stands for long-term crushed memory, mostly self inflicted

Wed, 12/31/2014 - 18:32 | 5610582 buzzsaw99
buzzsaw99's picture

the president's working group put fluoride in the drinking water so you can blame them for your memory problems as well. The root of all evil.

Wed, 12/31/2014 - 17:21 | 5610329 SilverCoinLover
SilverCoinLover's picture

What, stocks actually went down today?

I guess the HFT algos started to drink the new years eve champagne a little early!

Wed, 12/31/2014 - 17:27 | 5610349 Kaiser Sousa
Kaiser Sousa's picture

watched the fucking fraudulent Dow all day long...
only 2 out of 30 stocks were in the green for most of the day all the while that fake ass rally was underway...

hoW in the fuck on no volume can 2 out of 30 stocks - one of which was IBmother fuckingM prop of a whole fucking index???

kiss my black ass with that shit...

and lets not even talk about that bullshit with the phony prices of Gold and Silver...

DEATH TO THE MONEYCHANGERS.

Wed, 12/31/2014 - 17:30 | 5610370 noben
noben's picture

Psst... wanna buy some real estate?   Or Precious? 

It's always a good time to buy.   ;-)

Wed, 12/31/2014 - 17:27 | 5610356 maxw3st
maxw3st's picture

Noone can say they couldn't see it coming when the S&P bubble finally pops. Happy Leveraged New Year!

Wed, 12/31/2014 - 17:37 | 5610362 Bay of Pigs
Bay of Pigs's picture

"credit flashing red, Oil flashing red, GDP expectations flashing red... Happy New Year..."

"Red, red, paint it red. Some like it hot, but I like it red".

Sammy Hagar

https://www.youtube.com/watch?v=vavZ25wM6W0

Wed, 12/31/2014 - 20:35 | 5610893 Its Only Rock N Roll
Its Only Rock N Roll's picture

I see a red door and I want to paint it black....

https://www.youtube.com/watch?v=u6d8eKvegLI

 

Wed, 12/31/2014 - 18:07 | 5610365 noben
noben's picture

It's 2015 in Kiev, Baghdad and Moscow.  And all places east.

2015:  Same crap, new year.

Hawaii and Obama will be one of the last places to "get the new year".

Wed, 12/31/2014 - 18:07 | 5610494 MrButtoMcFarty
MrButtoMcFarty's picture

$1183.70 XAU

$15.67 XAG

Happy New Year Mr Henry!

Here is Hoping You Reap Exactly what you have Sown.

And soon.

 

 

Wed, 12/31/2014 - 18:11 | 5610504 alexmark2013
alexmark2013's picture

Big Banks Conspire with Giant Oil Company to Manipulate Currency Markets

http://investmentwatchblog.com/big-banks-conspire-with-giant-oil-company-to-manipulate-currency-markets/

Wed, 12/31/2014 - 18:44 | 5610609 The Shootist
The Shootist's picture

2015 will be fucking nuts. Batten down the hatches.

Happy new year!

Wed, 12/31/2014 - 20:49 | 5610936 I Write Code
I Write Code's picture

Well well, even so the Dow closes the year about 1% higher than I expected.

Next year is gonna be nucking futz, a real humdinger, methinks.

Happy New Year ZH'rs!

Thu, 01/01/2015 - 00:11 | 5611382 MrButtoMcFarty
MrButtoMcFarty's picture

Volatility = $$

CHEERS and HAPPY NEW YEAR!

 

Wed, 12/31/2014 - 22:20 | 5611157 toadold
toadold's picture

Well it seems Japanese customs caught two Yakuza trying to smuggle one kilogram gold bars from Shanghai into Japan.  They were apparently trying to avoid the import tax and then sell the gold for "street value" which was apparently pretty high, given estimate at North of 180,000 million yen.  

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