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Bullish Doji Candle

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Are Growth Stocks Too Expensive?

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Still In Consolidation Mode

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Light defensive flows creep in on the back of an FT interview which notes that “the chief executive of Moderna predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of Covid-19 and warned it would take months before pharmaceutical companies can manufacture new variant-specific jabs at scale.” T-Notes make new session highs, trading through Monday’s peak, while oil and e-minis soften. Elsewhere, JPY moves to the top of the G10 FX leader board after struggling early on.