"Everything is awesome," rang out as anchor after anchor explained how the stock market's "best week of the year" [3] - after mass murder in Paris and as hawkish a Fed as most traders have known was unleashed - was just the start... and Santa Claus was on his way. However, there are a few things they forgot to mention...
The explosive week's gains - no matter what - perfectly roundtripped stocks to the "better-than expected, good news is bad news" cliff-edge of October's payrolls...
[4]
It was an OPEX week... which has typically been followed by less exuberance...
[5]
It was an almost perfect echo of the exuberant Bullard Bounce from last October...
[6]
But there was something very different about this bounce...
Breadth collapsed as unlike last time, participation in the rip was minimal...
[7]
And Insiders weren't buying it...
[8]
So what happens next?
Charts: NorthmanTrader.com [9] and Bloomberg
