1. SPACs are on watch after QS shook out the bulls by reminding that the house always wins. The stock sale will harvest what remains following the 40% plunge. The five-bagger picks may yet beat QS: https://seekingalpha.com/insta... Events in the US Today (ET): DAY - Wear a mask & socially distance <3 DAY - If you are a registered voter for Georgia and haven't already, vote today. 8:55am - Redbook (MoM&YoY) [1/3 Volatility] 10:00am - ISM Manuf. PMI (Dec) [3/3 Volatility] 11:30am - 4 & 8 Week Bill Auctions [1/3 Volatility] 12:00pm - The House meets for session 2:15pm - VPOTUS leads a Coronavirus Task Force meeting at the White House 3:45pm - FOMC Member Williams Speaks [2/3 Volatility] 4:30pm - API Weekly Crude Oil Stock [2/3 Volatility] 7:00pm - Total Vehicle Sales [1/3 Volatility] Voting in the Georgia election runs from 7 a.m. to 7 p.m. Georgia election workers won’t be able to begin tallying ballots until polls close at 7 p.m. on Tuesday. This race will determine whether Republicans can hold on to control in the Senate The New York Stock Exchange said it will no longer delist China’s three biggest state-owned telecommunications companies, backtracking on a plan that had threatened to escalate tensions between the world’s largest economies. Rep. Kay Granger (R-Texas), the ranking member on the House Appropriations Committee, announced Monday that she tested positive for COVID-19, becoming the 49th member of Congress to do so. Granger was on the House floor on Sunday for opening day of the 117th Congress and was seen interacting with members throughout Qualcomm CEO Steve Mollenkopf is retiring, current president to take over. Events in the World Today (ET): 2:00am - Germany Retail Sales (MoM-Nov) [2/3 Volatility] 2:30am - Switzerland CPI (MoM-Dec) [2/3 Volatility] 3:00am - Spain Unemployment Change [2/3 Volatility] 3:55am - Germany Unemployment Change (Dec) [3/3 Volatility] 8:30am - Canada RMPI (MoM-Nov) [2/3 Volatility] New Zealand GlobalDairyTrade Price Index [2/3 Volatility] 9:30am - OPEC+ talks resume [3/3 Volatility] 7:30pm - Japan Services PMI (Dec) [2/3 Volatility] 8:45pm - China Caixin Services PMI (Dec) [2/3 Volatility] 10:35pm - Japan 10-Yr JGB Auction [2/3 Volatility] Yesterday's meeting of OPEC and its allies to agree on production levels for February ended with nothing more than a commitment to meet again today. The big two of the alliance -- Saudi Arabia and Russia -- disagree on whether to go ahead with the planned production increase next month that was agreed in December. The Saudis argue that new coronavirus lockdowns mean demand will be lower than expected, while Russia's oil minister wants to stick to the original plan. The post-holiday rush of tightening restrictions is in full swing in Europe, with the U.K. going into a lockdown, while Italy and Germany look at lengthening curbs. British Prime Minister Boris Johnson announced on Monday that Great Britain will enter a new lockdown until mid-February in an effort to slow the spread of a new variant of the coronavirus that has taken off in a “frustrating and alarming way” across the country.