Stocks fell again Monday on concerns about Omicron and Senator Manchin blocking the Build Back Better stimulus bill. The S&P was -1.14%, the NASDAQ -1.24% and the Russell -1.57%. NYSE + NASDAQ Advancers to Decliners were 1,933 to 6,121 on…
Coming into this week, Omicron and its effect on Fed policy was the crucial dynamic. NorthmanTrader nicely summarized it in the above tweet. On Tuesday, Powell threw bulls for a loop when he was far more hawkish than expected in…
The Omicron variant that hit financial markets Friday has created an enormous amount of uncertainty and – as COVID reporter Kai Kupferschmidt writes – that uncertainty is likely to persist for the next few weeks as scientists gather and analyze…