US stocks edged higher as fears from Omicron abated. The S&P 500 was up 0.9% and the Dow gained 1.1% for the week. Abroad, the FTSE All World Ex US rose 0.4% for the week. The yield on the 10-year Treasury was flat for the week ending the year at 1.50%, however it rose significantly from the 0.93% where it started the year.
US retail sales rose 8.5% between Nov 1st and Christmas eve compared to last year, the best growth in 17 years.
1Q growth forecasts have been lowered due to the Omicron variant.
Jobless claims came in near a five decade low once again.
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