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

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...

 

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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?