On Friday, news of a COVID-19 variant identified in South Africa, and the announcement of new travel
restrictions, sent markets reeling.

Inflation is back and worse than it’s been in decades. Consumer prices rose 0.9% in October and are up 6.2% in the last twelve months.

Investors will be focused on the Federal Reserve this week and our expectation is that it will finally announce an overdue tapering of quantitative easing.