Crappy New Year For Mega-Cap Tech But Bitcoin, Bullion, & Black Gold Bid

After the worst losing streak to end the year since 1966, and from what we can make out, the worst performance (-2.6%) for the final four trading days of the year, hope was high for the Santa Claus rally to reassert itself as the new year started.

Everything looked awesome at the start of the day - stocks were up, bonds were up, US macro data surprised to the upside (and all that was after a bloodbath in Beijing after shitty macro data - which prompted Xi to hint at more stimmies).