Bonds Can't Stop Santa

Many times I have told you over the years that stocks and bonds tend to trade in opposite directions.  Well that was not the case today.  A huge rally in the bond market was not able to slow down this year's Santa Claus rally.  The Dow Jones average spent most of the day up in the 40s but closed up almost 10 points.  Tomorrow we will have the Chicago Purchase Managers Index, Initial Jobless Claims and Pending Home Sales reports to mull over.