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Futures Tumble Amid Sudden Fears Over “Dramatically” New Covid Strain With “Extremely High Number” Of Mutations

Futures Tumble Amid Sudden Fears Over "Dramatically" New Covid Strain With "Extremely High Number" Of Mutations
Futures Tumble Amid Sudden Fears Over “Dramatically” New Covid Strain With “Extremely High Number” Of Mutations

By Tyler Durden

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.

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