Here We Go Again

From NYC Health Commissioner Dave Chokshi, MD:And, from Jay Varma, Mayor de Blasio’s public health adviser:

As Varma put it:

Vaccinated and boosted = risk of infection. Everyone else = much higher risk of infection, hospitalization & death. If traffic is moving at 90 mph, I’d rather get in an accident using a seatbelt and airbags than not.

Futures are taking it on the chin.

continued for members

The bigger picture:

VIX, which was down for the count below its SMA200, got its second wind. In currencies, USDJPY is again hinting at a breakdown. While silver and especially gold are bouncing more than expected. If gold can hold this TL, it bodes well for another test of the purple neckline. CL is hanging in there, still above its SMA200, but RB is tumbling and testing its white channel bottom again. As expected, the 10Y’s latest TL has broken down and the red channel bottom should be tested again.