We stay invested for now as a new virus strain and European COVID surge are hurting risk sentiment. Any delay of the powerful restart now means more later. News of the contagious new strain triggered a sell-off in risk assets. Jerome Powell was nominated to stay on as Fed chair, heralding continuity in Fed policy. U.S. jobs numbers will give investors the latest read on the U.S. labor market, a key focus for the Fed after it already reached its inflation target
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