Don’t Expect Fireworks in December; January Will Have the Real Action

For all of the hype of retail sales and holiday shopping, generally speaking, December is a big waste of time. Sure, maybe this year is different — but I doubt it.

Very soon, all of our beloved elite hedge fund managers will close shop for the year, leaving junior to run the trading turrets, with explicit instructions to not fuck up or die. Volatility will decrease and people will go to work drunk off morning egg nog.

Here are the returns for December, dating back to 1999 for the SPY.

The only major event taking place this year are the Italian referendums on 12/4. Even though this might lead to an Italian exit from the EU, I’m certain the globalist scum will figure out a way to minimize it and keep markets propped up. The Fed rate hike is already baked in and another hike isn’t expected until June of 2017, so all of the stars are aligned for a somewhat benign December, capping off a very good year.

Speaking of which, The Option Addict is hosting his final boot camp of 2016 in a few weeks. This one is a must attend event for all interested in trading for a living, or for those trying to figure out what to expect in 2017. Jeff has done a killer job in remaining calm and booking profits, all year long.