We Interrupt WW3 For Renewed COVID Fears

I couldn’t get a handle on today’s tape because it was so different from what I’ve been accustomed to since the war fears began. Then it dawned on me: COVID IS BACK.

CHINA FACING RENEWED COVID SURGE
pic.twitter.com/o8IfeBfl1J

— The_Real_Fly (@The_Real_Fly) March 15, 2022

China Orders 51 Million Into Lockdown As COVID Numbers Spike
CHINA HAS LOCKED DOWN LANGFANG CITY NEAR BEIJING
FOXCONN SUSPENDS OUTPUT AT CHINA HQ, IPHONE SITE IN SHENZHEN

What else could explain the sudden deleterious drop in oil and other commodities than the market pricing in potential and calamitous total lockdown of China and perhaps much more?

For the past two years, China had at most 50-100 new daily covid cases. Now it's 5000, and it is shutting down key supply chain arteries that feed the US economy.

So bizarre

— zerohedge (@zerohedge) March 15, 2022

The last time we had people in China WELDED into their buildings toilet paper was the most sought after human luxury, just after Clorox bleach, and we all hoarded food and paper towels as if the end of the world was upon us. What greater way to punish Russia than to capsize our own economy and cause a massive spike in unemployment and suffering, paving the primrose path towards negative crude again. Why Evil VLAD would definitely stop the war then, forced to be poor and desolate. His whole army would soon rebel and acquiesce to the transgendered leadership at NATO, who could then offer some diversity training to all of the Z car driving modern Nazis, intent on subjugating their neighbors just to prevent some other actual Nazis from placing NATO missile batteries of peace within range of Moscow.

The vaccine stocks appear to be in play again, as the war seemingly fades into the background with the orchestra music blaring the latest jingle to cajole your 5 year old to get another booster shot.