Those end-of-year rallies can be brutal traps. $SPX and $SPY showed us exactly how that plays out—everyone waiting for that Santa Clause bounce, only to get shaken out by a failed reversal. The chart tells the real story: the bounce never materialized into anything solid. Sometimes the market just doesn't cooperate with the holiday script. Worth paying attention to how traditional equities behave, especially when correlation to crypto is running hot.