Equities: The news of a COVID variant called omicron spreading in South Africa and elsewhere spooked investors around the world.
Reopening stocks tumbled, …
… with airlines getting hit particularly hard.
Energy: Crude oil tumbled on Friday, with Brent stopping at the 200-day moving average.
Implied vol spiked.
Cryptocurrency: Bitcoin’s correlation with stocks remains positive.
China: Industrial profits remain at multi-year highs for this time of the year.
United States: Jobless claims remain very low for this time of the year.
Food for Thought: Year-over-year changes in cigarette sales:
Edited by Daniel Moskovits
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