US equities are moderately lower, as the market is distinctly tired ahead of the fed. The USD +0.2% at 96.26 isn’t helping.
sp’60min
VIX’60min
Summary
It ain’t pretty, but it only rates as ‘moderate/broad’ weakness. Background chatter of Omicron is a valid excuse, not least on the Eastern side of the Atlantic, as there is another massive push for mandates/restrictions.
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notable stock: TSLA
Tesla cooling with the main market. CEO Elon is Time’s person of the year, although these days, that often be an ‘infamous’ issue.
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notable health: PFE
Unusually… the buyer of a company is seeing a kick upward, although its arguably partly due to Omicron chatter. $6.7bn for Arena Pharma’ is a m/t positive, and I’d imagine Pfizer will be looking to buy something else!
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notable stock: F
Ford getting hit… mostly just a retrace of last Friday’s gain. A push to the 1999 historic $23s remains on track.
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notable miner: FCX
Freeport cooling back with the main market. I ain’t selling anything until the 40/41s.
As night is falling, its time for a much needed lunch..