What CNBC Didn't Tell You About The Market's "Best Week Of The Year"

"Everything is awesome," rang out as anchor after anchor explained how the stock market's "best week of the year" - 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...

 

It was an OPEX week... which has typically been followed by less exuberance...

 

It was an almost perfect echo of the exuberant Bullard Bounce from last October...

 

But there was something very different about this bounce...

Breadth collapsed as unlike last time, participation in the rip was minimal...

 

And Insiders weren't buying it...

 

So what happens next?

 

Charts: NorthmanTrader.com and Bloomberg