VIX Up, Stocks Up, Bonds Up… Fed Up!

Dow 20,000 teases everyone ahead of The Fed…
Trannies and Small Caps underperformed as The Dow pushed on once again to new record highs (Nasdaq best on the day)
Stocks were spooked in the last few minutes as The ECB denied Monte Paschi’s capital plan…
While The Dow failed to make 20k today, we note it is up over 2000 points from the pre-Trump lows…
With Goldman accounting for over 20% of all those gains…

This post was published at Zero Hedge on Dec 13, 2016.