Largest Christmas Eve Declines In History

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 7 out of 11 markets closed lower: Shanghai Comp -0.26%, Hang Seng -0.40%, Nikkei +0.89%
• In Europe 10 out of 13 markets are trading lower: CAC -1.45%, DAX +0.21%, FTSE -0.52%
• Fair Value: S&P +1.10, NASDAQ +15.95, Dow -10.50
• Total Volume: 1.28mil ESH & 234 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the 8-Week Bill Settlement, Redbook 8:55 AM ET, S&P Corelogic Case-Shiller HPI 9:00 AM ET, Richmond Fed Manufacturing Index 10:00 AM ET, and State Street Investor Confidence Index 10:00 AM ET.

S&P 500 Futures: No Christmas Break For the Bears

Chart courtesy of @Chicagostock – $ES_F Today’s 3D pivot is all the way at 2471.

After a weak overnight trade, the S&P 500 futures opened Monday’s abbreviated Christmas Eve session at 2400.00, and immediately traded up to the early morning high at 2409.50. From there, the futures sold off to the early low of 2368.00 just after 9:00, and then rallied midmorning up to what would be the high of day at 2412.50 just before 10:00.

Following the high print, sellers took over and would not let up, as the ES pulled back down to 2363.25. In the final 45 minutes of the day, the bottom fell out when the benchmark futures traded down to 2340.50, and on the 12:15 settlement closed the day at 2342.25, down -70.50 handles, or -3.10%.

In the end, what is normally a quiet day with bullish stats turned into a shortened day collapse, as stocks continue to sell off into the end of what turned into a disastrous year.

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