COVID NUMBERS RISE DRAMATICALLY THANKS TO NEW VARIANTS

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The failed Fauci approach to COVID-19 continues to wreak havoc on our healthcare system. Not only are millions of Americans still dealing with the long-term health impacts from the COVID vaccine, but now COVID – like the flu – is now an unwanted annual guest for tens of millions of Americans all across the country.

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Crude benchmarks gain on punchy IRGC rhetoric, which lifts yields to multi-year highs; US-China meeting ahead - Newsquawk US Market Open

  • Senior adviser to Iran’s Supreme Leader Major General Safavi said the scope of the war may expand to the Indian Ocean and other regions, if the US starts a new war.
  • US Treasury Secretary Bessent announced a two-month extension to the trade truce with China, extending to January 10th.
  • A flurry of Central Bank announcements; SNB and Riksbank hold while the Norges Bank hiked by 25bps to 4.50%.
  • Global equities are under pressure amid the hawkish comments by Iranian officials, which has lifted the energ

Small-Cap Carnage Hits A Make-Or-Break Moment

Russell is down 8% and sitting on its 200-day MA. Yields are surging. Money is leaving IWM. Yet Russell vol is barely moving. That’s the part of this selloff we’re watching.

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DXY strength pauses for breath ahead of US-China talks; SNB, Riksbank and Norges Bank all due - Newsquawk EU Market Open

  • US Treasury Secretary Bessent said the US-China trade truce was extended to January 10th, while he doesn't know if a bigger trade deal can be done with China and could just roll the current deal forward.
  • US reportedly dismissed Iran's Hormuz offer during UN talks, saying Tehran does not control the Strait, the Times of Israel reported.
  • White House official denied Politico reports that the Trump administration is preparing a plan to ban exports of diesel for 90 days.
  • Crude futures slightly pulled ba