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Equities: Stock futures are higher as Biden’s formal transition begins. Investors also breathed a sigh of relief on Yellen’s nomination for the Treasury Secretary (as opposed to Elizabeth Warren, for example).
Credit: Merrill Lynch private clients’ allocation to debt hit a new low.
Rates: Fed officials seem to favor increasing the share of longer-dated Treasuries as part of QE. Will it be enough to keep the curve from steepening?
Energy: The front end of the Brent curve is in backwardation.
Emerging Markets: Analysts continue to upgrade EM corporate earnings forecasts.
Food For Thought: Are US consumers spending more or less this holiday season?
How much of the holiday shopping have US consumers completed?
Edited by Devon Lall
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