Market Update – Short Term Inflation Expectations Soar

1:43 p.m. ET SP-500 -0.7%, Dow -0.85%, NASDAQ-100 -1.1%, Small Caps -1.9% The first market whammy was UK PM Johnson saying he expects a tidal wave of Omicron infections by Christmas. This seems to be behind the plunge in prices into the U.S. cash open. Then the New York Fed’s latest survey of the public’s…