The Omicron Panic

Check out the accompanying pdf and chart collection. (1) Austria’s lockdown and Germany’s record infections unnerved investors recently. (2) Then Omicron news hit the tape on Friday. (3) A new potentially dangerous variant. (4) Travel lockdowns. (5) S&P 500 drops a bit, while oil nears a bear market. (6) Drug makers are prepared to play Whac-A-Mole with variants of Covid. (7) Two or three rate hikes next year? (8) Plenty of excess M2. (9) More Fed officials talking about tapering at faster pace. (10) Movie review: “The Eyes of Tammy Faye” (+ + +).