From “Ho Ho Ho” To “No No No”; Santa Claus Rally Goes Negative

The Santa Claus rally, coined by The Stock Trader's Almanac, is the performance of the S&P500 in the “last 5 trading days of the year AND the first two of the New Year.” That means this year it is the performance from the close on 12/23. This morning's USDJPY-driven (home-prices helped) weakness has sent the Dow and S&P 500 into the red – extinguishing (for now) the gift that Santa left…