the Grinch

The expected Santa Claus Rally that was supposed to start after yesterdays FED meeting has run into the Grinch!Spoos –  down 24 handles,Dow -170. leading sectors weighing on SPX  are no surprises. Emery -1.8%,materials -1.45% Financials and Consumer discretionary   both.-1.25%.  490 SPX stocks lower, 90  out of 100  NDX stocks lower.No where to hide  in stocks.Year end wash out before  we  see Santa Claus? or  are higher rates causing havoc already?

yesterdays pit Low in spooz  2034.90,if it holds I believe just a wash out before Spooz move higher.If trades below and doesn’t find support at 2030.90(a gap) markets could be in trouble

Crude Oil approaching contract lows and Multi year lows below 34.53(Jan)

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