Intraday Update – Uncertainty Ahead of Biden Address

12:23 p.m. ET Developments are still fast and furious. Index futures are off their best levels of the day, but well above their worst levels of the holiday shortened week. SP-500 -0.8%, Dow -0.95%, NASDAQ-100 -1%, Small Caps -0.9% NASDAQ-100 futures (1m) Russian President, Putin, formally requested of the upper chamber of the Russian parliament…