Futures Crashing on Thursday Evening Amid Sudden Fears Over “Dramatically” New Covid Strain

Here we go again. While the US traders are digesting their turkeys with gravy and mashed potatoes the rest of the world is 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. Now you know why S&P 500 futures are down -1.00% as of this writing.

Beta Delta Gamma, just not options

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