The US major indices all closed lower today. The Dow industrial led the way with a -532 point decline more -1.48%. The NASDAQ index was the best of the worst day modest -0.07% one
The small-cap Russell 2000 but to the trend with a gain of 1%.
The final numbers are showing:

Dow industrial avera

The NASDAQ index traded down as much as -220 points or -1.45% at the low today, but then staged a reversal and traded as high as 108.40 points or 0.71%.  However those gains have now been eroded in the index currently trades down -26.3 points as the trading session moves toward the close. For the we

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I had the privilege of having a good father. He provided for his family and never stopped working for them. He was a dentist in Carshalton, Surrey opposite the Fox & Hounds pub on the High St for any local Londoners. Any time of day or night you could call him and he would see you. 24/7/365. He died

Earlier today the Russian lawmaker Zavalny said the first gas via Nord Stream 2 can flow in JanNo decision on Nord Stream 2 in H1 2022 made according to the head of German network agencySome pushback against Russia here.

European equities down on average -1.00%. US equity futures down too. (Nasdaq -0.95%)
The Vix is above 20.00
Commodities mixed: oil lower, copper higher
Bond yields: flat to lower
FX space: AUD, CAD, NZD lower. CHF, JPY, EUR higher (remember the EUR’s funding currency bias + ECB

Trying to stop the rot, the CBRT intervenes and the USDTRY drops to ~16.50CBRT justification for intervention is ‚unhealthy price formations’This is like starting a fire (cutting rates) and then putting it out (intervening) and going, ‚well done me!‘ If there is one thing we have learnt over the las

14.00% vs 15.00% priorInflation is over 20% in Turkey and the CBRT cuts due to President Erdogan’s unorthodox belief that high inflation is caused by high interest rates. USDTRY up at highs and as stunned as the rest of us. 

The recent risk off moves from Nov 30 where on two things. Firstly, Omicron uncertainty. Secondly, fears the Fed would make a policy mistake. Both those fears are not gone, but are less prominent. 
This is helping risk. Equities are up, volatility is down, yields are flat (but that’s good in context

The EUR saw gains as its funding currency unwound with the JPY and the CHF on the risk off tones after the US thanksgiving. A funding currency is a cheap currency that you pair with high betas (like the NZD). So, the EUR gained on that. BUT the eurozone has surging cases. The services PMI have misse