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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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J.P.Morgan note that “in addition to the fundamental uncertainty introduced by the new COVID variant, we think the move to lower yields late last week was exaggerated by impaired liquidity: market depth has been challenged as of late, particularly at the front end. On top of that, the Friday session after Thanksgiving tends to be a quiet one when many participants step away from the market, further reducing liquidity, which we think helps explain Friday’s outsized moves.”