Stock Futures Tumble Amid Sudden Fears Over New Covid Strain With Extreme No. Of Mutations

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Assessment: The variant was first spotted in Botswana, where three cases have now been sequenced. Six more have been confirmed in South Africa, and one in Hong Kong in a traveller returning from South Africa …

Futures are sliding on Thursday night when, with most US traders snoring in a tryptophan coma, the world is suddenly freaking out, and algos are hitting bids, amid fears that a new coronavirus strain detected in South Africa, known as B.1.1529, reportedly carries an “extremely high number” of mutations and is “clearly very different” from previous incarnations, which may drive further waves of disease by evading the body’s defenses South African scientists said.

Translation: a new wave of restrictions, more lockdowns, and – eventually – trillions in new stimmies are coming… an outcome so “unexpected”, we rhetorically asked if this was the endgame just one week ago.

“I will say of the Lord, “He is my refuge and my fortress; My God, in Him I will trust.” Psalm 91:2

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