This year is a bit different in the context of a very upbeat outlook on the pending regime change in Washington D.C. Yet we still believe that our long-standing views on the "Santa" influence in the markets remains the same. And the U.S. election certainly provides a plethora of blessings for the equities markets from multiple benefactors this year.

T’was the Last Energy Report before Christmas and there is a big oil glut. And no one is bullish as OPEC refuses to cut. Shale oil producers are deep in despair as the cartel crashes prices to maintain their share. The drillers drilled into limestone shale beds, while visions of high prices danced in their heads. Yet, instead of going higher, prices collapsed! It went even lower with no cold on the map.

Nowadays many of us don’t what to make of the numbers or what to believe anymore. There certainly is a school of thought the market didn’t rally because they now believe the Fed will raise rates in December.

So much stuff, so little time. If there is anything good that came from all the distress in the world, Janet Yellen came to the conclusion the Fed can be patient when it comes to raising interest rates.

U.S. stocks have managed to make back most of their losses this week, setting the stage for a “Santa rally” as the year-end approaches.

As sinister as this may sound, Santa doesn’t appear to be coming this year…at least not in the form of the infamous “Santa Claus Rally” that traders have been accustom to, in which the stock indices typically rally in the month of December.

Wile we still believe that our long-standing views on the "Santa" influence in the markets remains the same, this year is a bit different. The plethora of blessings for the equities markets from multiple benefactors this year it very impressive.

This coming Friday is a triple expiration. Equity options, index options, and futures contracts will be expiring this Friday. What many call the “Santa Claus Rally” may have more to do with triple witching than whether Wall Street was naughty or nice.