Macro Briefing: 14 December 2021

* California reimposes mandatory indoor mask requirement
* 2-dose Pfizer jab reportedly protects 70% against hospitalization from omicron
* US secretary of state warns China to end ‘aggressive actions’ in Asia-Pacific
* Second case of Omicron variant found in China
* US small business sentiment ticked up in Nov but still far below previous peak
* Wall St is starting to see opportunity in China’s battered stock market
* Apple on track to become world’s first $3 trillion company
* US 10yr Treasury yield falls to 1.42%–second-lowest level in over two months: