COVID: Still With Us

Interesting piece in Reuters today on Japan’s vaccination efforts and the overwhelming level of infections in Osaka, Japan’s second largest city, only two months ahead of the Olympics.

While many countries are making good progress with vaccinations, Japan – the 11th most populous country in the world – is lagging badly.  It’s not the only country in Asia to be struggling.A close-up of vaccination rates shows that many Asian countries are in the same boat.Will the Olympics be the next global superspreader event or, perhaps, the next Tom-Hanks-has-COVID! moment? Those who have put off getting vaccinated might want to consider the number of daily flights from Osaka to the US…

Meanwhile, futures are paying more attention to the daily pre-opening VIX plunge and a bond market which seemingly no longer cares about inflation.continued for members


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