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As many as 290 cases of <keyword id="21545939" type="General" weightage="20" keywordseo="KP-2" source="keywords">KP.2</keyword> and 34 cases of <keyword id="21748081" type="General" weightage="20" keywordseo="KP-1" source="keywords">KP.1</keyword>, both sub-lineages of COVID-19 that are responsible for surge in cases in Singapore, have been found in India, according to official data. However, a source in the Union health ministry told PTI that they are all sub variants of <keyword id="20115417" type="General" weightage="20" keywordseo="JN1" source="keywords">JN1</keyword> and there is no associated increase in hospitalisation and severe cases. "So there is no reason for concern or panic. The mutations will keep happening at a rapid pace and this is the natural behaviour of viruses like SARS-CoV2," the source said. The source further said that the INSACOG surveillance is sensitive and is able to pick up the emergence of any new variant and samples are also picked from hospitals in a structured manner to detect any change in the severity of disease due to virus. Data compiled by the Indian SARS-CoV-2 Genomics Consortium (INSACOG) showed that 34 cases of KP.1 have been found across seven states and UTs with 23 cases registered from West Bengal. The other states are Goa (1), Gujarat (2), Haryana (1), Maharashtra (4) Rajasthan (2) and Uttarakhand (1). As many as 290 cases of KP.2 have been registered with Maharashtra reporting the highest number at 148, according to the data. The other states and Union territories are Delhi (1), Goa (12), Gujarat (23), Haryana (3), Karnataka (4), Madhya Pradesh (1), Odisha (17), Rajasthan (21), Uttar Pradesh (8), Uttarakhand (16) and West Bengal (36). Singapore is seeing a new COVID-19 wave as the authorities recorded more than 25,900 cases from May 5 to 11 with KP.1 and KP.2 accounting for over two-thirds of cases in Singapore. Globally, the predominant COVID-19 variants are still JN.1 and its sub-lineages, including KP.1 and KP.2. KP.1 and KP.2 belong to a group of COVID-19 variants scientists have nicknamed 'FLiRT', after the technical names of their mutations. The strains in FLiRT are all descendants of the JN.1 variant, an offshoot of the Omicron variant. KP.2 was classified by the World Health Organization as a Variant Under Monitoring.

290 cases of COVID-19 variant KP.2, 34 cases of KP.1 detected in India: INSACOG data

<keyword id="19897423" type="General" weightage="20" keywordseo="COVID-19" source="keywords">COVID-19</keyword>, the unwelcome guest that never quite leaves, may well be in the process of ushering in a fresh global wave, with <keyword id="6356662" type="General" weightage="20" keywordseo="singapore" source="Orion">Singapore</keyword> potentially on the front lines. The Singapore government is on alert, with its Ministry of Health reporting a significant rise in COVID-19 cases. There was a doubling of infections in the first half of May, with the numbers increasing from 13,700 in the first week of this month to 25,900 in the second (May 5 to 11). Hospitalisations have also spiked, with average daily admissions rising from 181 to around 250 in the same period. To manage hospital bed capacity, public hospitals have been directed to reduce non-urgent elective surgeries and transfer suitable patients to care facilities. Health Minister <keyword id="19895083" type="General" weightage="20" keywordseo="Ong-Ye-Kung" source="keywords">Ong Ye Kung</keyword> has indicated that Singapore is in the early stages of this wave, which is expected to peak between mid- and end-June. Recognising Singapore's role as a major transport and communications hub, Ong has acknowledged that the city-state is likely to experience COVID-19 waves earlier than other regions. An uptick in infection numbers has also been observed in the neighbouring countries as well, including Philippines. However, no alarming rise in hospitalisation has been reported yet. Regional reports are attributing this surge to new COVID-19 variants, collectively termed FLiRT. This name is based on the technical names for their mutations, one of which includes the letters "F" and "L", and another, the letters "R" and "T". The FLiRT group comprises of variants KP.1, KP.2, KP.3, JN.1.1 and JN.1.7. At present, KP.1 and KP.2 make up over two-thirds of cases in Singapore. While the WHO has classified KP.2 as a variant under monitoring, there is no evidence suggesting these variants are more transmissible or cause more severe illness than existing strains. Nevertheless, Ong has urged high-risk groups, including those aged 60 and above, medically vulnerable individuals, and residents of aged care facilities, to receive an additional COVID-19 vaccine dose if they haven't been vaccinated in the past year. The public has also been advised to consider wearing masks again. Ong emphasised that there are no current plans for social restrictions, as Singapore treats COVID-19 as an <keyword id="21743830" type="General" weightage="20" keywordseo="endemic-disease" source="keywords">endemic disease</keyword>. He noted that additional measures would only be considered as a last resort. “COVID-19 is just something that we have to live with. Every year, we should expect one or two waves,” he said. Meanwhile, 91 cases of the <keyword id="21640619" type="General" weightage="20" keywordseo="FLiRT-variants" source="keywords">FLiRT variants</keyword> have been detected in India. However, there have been no reports of severe cases or unique symptoms associated with these variants so far. (With inputs from TOI)

FLiRT-ing with pandemic! With a sharp rise in COVID cases, could Singapore be witnessing the start of a global wave?

I used Ola S1 Pro for a few weeks and while my feet flirted with air, I had fun during my grocery runs

<ul class="summary-list"><li>US stocks tumbled Friday, dragged by mega-cap <keyword id="12665831" type="UNKNOWN" weightage="60" keywordseo="tech-shares" source="Orion">tech shares</keyword> that were battered by the Omicron volatility.</li><li>The disappointing November jobs report added an additional layer of uncertainty. </li><li>The 10-year Treasury yield slipped to 1.355% from Thursday's 1.447% rate.</li></ul>US stocks tumbled Friday, dragged by mega-cap technology shares that were battered by the volatility brought about by the new coronavirus strain this week. The disappointing November jobs report added an additional layer of uncertainty as investors try to chart the path of <keyword id="11895523" type="UNKNOWN" weightage="60" keywordseo="federal-reserve" source="Orion">Federal Reserve</keyword> policy going into 2022. The tech-heavy Nasdaq ended lower by nearly 2% and slid to a weekly loss. Cathie Wood's flagship <a href="https://ark-funds.com/funds/arkk/" target="_blank" rel="noopener">ARK Innovation</a> ETF — which holds names like <a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Tesla</a>, <a href="https://markets.businessinsider.com/stocks/coin-stock?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Coinbase</a>, and <a href="https://markets.businessinsider.com/stocks/zm-stock?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Zoom</a> — was hammered by the sell-off.Here's where US indexes stood at the 4:00 p.m. ET close on Friday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">S&amp;P 500</a>: 4,538.42, down 0.85% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Dow Jones Industrial Average</a>: 34,580.08, down 0.17% (59.71 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Nasdaq Composite</a>: 15,085.47, down 1.92% </li></ul>US <a href="https://www.businessinsider.com/november-jobs-report-210k-payrolls-added-unemployment-rate-labor-market-2021-12">nonfarm payrolls grew by 210,000</a> last month — way below the median forecast of 550,000 jobs from economists surveyed by Bloomberg.The reading showed hiring slowed dramatically from October's revised gain of 546,000. November was expected to extend the fall's healthy job growth after the Delta coronavirus variant hammered hiring through the summer.Yet new headwinds stood in the way of blockbuster gains — among them, the new Omicron coronavirus variant and the ongoing supply-chain crisis. "While there's seemingly a huge miss on the payrolls front, there are significant bright spots—the unemployment rate is flirting with pre-pandemic levels and the participation rate ticked up," Mike Loewengart, managing director of investment strategy at E-Trade Financial, said in a statement. "There's likely not enough to go on for the Fed to change its course on tapering."The <a href="https://www.businessinsider.com/november-jobs-report-210k-payrolls-added-unemployment-rate-labor-market-2021-12">unemployment rate</a> tumbled to 4.2% from 4.6%, according to the report. Economists anticipated a reading of 4.5%. The number of unemployed Americans fell by 542,000 in November.Equities whipsawed this week as investors try to assess the threat posed by Omicron. So far, almost a dozen cases have been detected in the US, and the next couple of weeks will remain volatile, according to Edward Moya, senior equity analyst at Oanda."The focus falls on the latest inflation report, the December 15th <keyword id="11984415" type="UNKNOWN" weightage="60" keywordseo="fomc-meeting" source="Orion">FOMC meeting</keyword>, and further clarity on the impact with the Omicron variant," he said in a note.The <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">10-year Treasury note</a> yield slipped to 1.355% from Thursday's 1.447% rate. Bond yields move inversely to prices.<a href="https://markets.businessinsider.com/stocks/docu-stock?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">DocuSign</a> <a href="https://markets.businessinsider.com/news/stocks/docusign-shares-q4-guidance-weak-earnings-pandemic-after-outlook-2021-12">fell nearly 40%</a> after the company reported earnings the previous day that beat expectation but issued downbeat fourth-quarter guidance.In digital assets, <a href="https://markets.businessinsider.com/news/currencies/metaverse-cryptocurrencies-up-37000-percent-axie-infinity-decentraland-bitcoin-altcoins-2021-12">metaverse-related cryptocurrencies</a> have surged an eye-popping 37,000% this year — far exceeding the gains of bitcoin, data from <a href="https://macrohive.com/hive-exclusives/crypto-index-tracker-metaverse-vs-defi/?uid=12321102155" target="_blank" rel="noopener">Macro Hive</a> shows. The five coins it tracked are Axie Infinity, Decentraland, Sandbox, Enjin Coin, and GALA, which rallied 20% over the past seven days alone.<a href="https://markets.businessinsider.com/stocks/adddf-stock?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Adidas</a> became the <a href="https://markets.businessinsider.com/news/currencies/metaverse-adidas-bored-ape-yacht-club-nft-punks-comic-gmoney-2021-12">latest brand name</a> to enter the metaverse through a partnership with prominent groups in the space including the <a href="https://www.instagram.com/boredapeyachtclub/?utm_source=ig_embed&amp;ig_rid=ab16287c-110c-4452-bd09-2ca2f0972883" target="_blank" rel="noopener">Bored Ape Yacht Club</a>.Crude prices were mixed. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti&amp;utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">West Texas Intermediate crude</a> oil fell 0.54% to $66.54 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, rose 0.11% to $69.75 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Gold</a> rose as much as 0.94% to $1,785.79 per ounce.

Nasdaq falls nearly 2% as US stocks battered by Omicron volatility

<ul class="summary-list"><li><keyword id="11901200" type="UNKNOWN" weightage="60" keywordseo="ihs-markit" source="Orion">IHS Markit</keyword>'s gauge of private-sector growth slowed to 50.8 from 57 in January, the lowest in 18 months.</li><li>Readings below 50 indicate contraction, meaning business output came extremely close to shrinking.</li></ul>The US private sector's recovery is holding on by a thread.A survey of purchasing managers at various businesses shows growth grinding to a near-halt as the Omicron wave worsened. IHS Markit's composite purchasing-managers index plunged to 50.8 from 57 in January, according to a Monday <a href="https://www.markiteconomics.com/Public/Home/PressRelease/c4392f13105a4995984fc407bfac69e9">report</a>, marking the lowest reading since July 2020. The decline was fueled by weakening conditions at manufacturers and services, with both citing the variant for sharply slower output through the month.The <keyword id="13024718" type="UNKNOWN" weightage="60" keywordseo="pmi" source="Orion">PMI</keyword> details how quickly the country's private sector is either growing or contracting. Prints above 50 indicate growth, while those below the threshold hint businesses are shrinking. While the Monday reading doesn't quite place the <keyword id="11893570" type="UNKNOWN" weightage="100" keywordseo="economy" source="Orion">economy</keyword> back in a recession, it signals the booming recovery of 2021 is all but entirely over.Service businesses fared even worse. The industry's own PMI dipped to 50.3 from 53.8, hitting a 19-month low and flirting with its first contraction since the onset of lockdowns in early 2020. Services have been the most prone to virus waves, as soaring infections have forced the renewal of economic restrictions and prompted people to stay inside.IHS Markit's manufacturing-specific measure fell slightly less to 55 from 57.7. That still reflected the weakest growth in 15 months.Apart from the surge in Omicron cases, businesses linked the slowdown to supply issues and continued difficulty in rehiring. Recent data <a href="https://www.businessinsider.com/retail-sales-december-inflation-consumer-spending-holiday-season-economic-recovery-2022-1">showed retail sales tanking</a> in December as consumer demand waned and virus fears intensified. Though most indicators haven't yet revealed the recovery's performance in January, case counts were higher through most of the month. With the supply chain still far from healed, Monday's PMI report hints at even more disappointing January data to come.Still, the report did offer some signs of inflation easing through the month. The rate of increase in costs was the weakest since March 2021, albeit still at historically high levels. The manufacturing industry saw signs of inflation pressure waning in both production and selling prices, Markit said. The supply situation also took a turn for the better. Manufacturers reversed course and offered rosier outlooks regarding future output, with confidence hitting its highest since November 2020. Firms reported hopes for stabilizing supply flows and fading fallout from the virus. While services' confidence slumped to a three-month low, other signs pointed to an easier business environment on the horizon."The overall rate of supply chain deterioration has eased compared to that seen throughout much of the second half of last year," Chris Williamson, chief business economist at IHS Markit, said in the report. "Despite the survey signaling a disappointing start to the year, there are some encouraging signals for the near-term outlook."

Omicron shut down the economic recovery in January, sending private-sector growth to its weakest level since July 2020

<ul class="summary-list"><li>In episode three of "<a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.disneyplus.com%2Fseries%2Floki%2F6pARMvILBGzF" target="_blank" rel="nofollow noopener sponsored">Loki</a>," Sophia Di Martino's character introduces herself as Sylvie.</li><li>In the comics, Sylvie is actually the second version of Enchantress.</li><li>But many fans think she is still Lady <keyword id="42312" type="PERSON" weightage="60" keywordseo="Loki">Loki</keyword>, and it seems the <keyword id="412910" type="ORGANIZATION" weightage="60" keywordseo="MCU">MCU</keyword> could be combining both characters.</li></ul>There is some confusion as to who Sophia Di Martino's variant really is.Many assumed she was Lady Loki, and Di Martino's physical appearance seemed to suggest that, too. However, in episode three of the <keyword id="46161" type="CITY" weightage="60" keywordseo="Disney">Disney</keyword> Plus show, the character officially introduced herself as Sylvie. This comes after <a href="https://www.insider.com/loki-disney-plus-spoiler-sophia-di-martino-lady-loki-2021-6">a fan spotted the name "Sylvie" in the Spanish credits of episode two.</a>In <keyword id="47501" type="COMPANY" weightage="60" keywordseo="Marvel">Marvel</keyword> Comics, Sylvie is a completely different character from Lady Loki - she is actually the second version of the famous Thor villain, Enchantress.Here's everything you need to know about who Di Martino could be playing - from Lady Loki to Sylvie AKA Enchantress - and what it means for the future of "<a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.disneyplus.com%2Fseries%2Floki%2F6pARMvILBGzF" target="_blank" rel="nofollow noopener sponsored">Loki</a>" and the MCU. Plus, what exactly is she up to?<div type="image" title="Loki screenshot the variant" height="1202" width="1602" msid="83602888" hostid="261"></div><h2>Who is Lady Loki in the comics?</h2>Lady Loki, who most fans assumed the variant was, was first introduced in Marvel's 2008 Thor Vol 3 issue 5 comic, in which Loki takes over a female human body after the events of Ragnarok.However, the body he takes over in the comic was actually supposed to be for Thor's friend, Lady Sif - who was trapped in an old lady's body in a hospital where Jane Foster was working. Lady Sif is played by Jaimie Alexander in the MCU.So in the comics, Lady Loki is simply Loki himself in a female body. If Di Martino's variant were to be Lady Loki, she would be a completely different character from Loki altogether: an alternate version of the God of Mischief, which makes sense considering <a href="https://www.insider.com/loki-who-owen-wilson-agent-mobius-what-time-variance-authority-2021-6">Owen Wilson's Agent Mobius</a> said that the variant was an alternate version of Loki himself.In the comics, Lady Loki becomes more than just a disguise for Loki and actually becomes another side to his multi-faceted personality, which again makes sense considering that <a href="https://www.insider.com/loki-gender-fluid-marvel-mcu-disney-plus-show-2021-6">Loki is gender-fluid.</a><h2>Who is Sylvie (AKA Enchantress) in the comics?</h2>In the comics, Loki gives powers to a young girl on Earth named Sylvie Lushton in order to use and manipulate her for his own gains.However, Sylvie doesn't actually know that Loki gave her her powers and becomes convinced that she is actually an Asgardian who was banished to Earth.Sylvie later takes on the mantle of Enchantress, modeling herself on the original Enchantress, who was a famous foe of Loki's brother, Thor.This first version of Enchantress was a powerful sorceress by the name of Amora who teamed up with other Marvel villains such as the Executioner (played by Karl Urban in "Thor: Ragnarok") to menace Thor and Asgard.Sylvie possesses very similar powers to the original Enchantress - including teleportation, transmutation, illusions, telekinesis, mind-control, and the ability to use magical energy.<div type="image" title="Sophia Di Martino Lady Loki" height="1202" width="1602" msid="83602891" hostid="261"></div>Sylvie's Enchantress is a relatively new Marvel Comics character, having made her debut in the 2009 #1 issue of "Dark Reign: Young Avengers." The original Enchantress first appeared in 1964, in #103 of "Journey into Mystery."However, Sylvie is a different character from Loki, whereas Mobius tells <a href="https://www.insider.com/how-is-loki-alive-disney-plus-2021-6#in-thor-loki-learns-he-is-odins-adopted-son-and-his-true-father-is-laufey-of-jotunheim-1">Tom Hiddleston's Loki</a> that the variant is another version of Loki himself.But in episode three, the character tells Loki several times not to call her "a <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.disneyplus.com%2Fseries%2Floki%2F6pARMvILBGzF" target="_blank" rel="nofollow noopener sponsored">Loki</a>." She says: "That's not who I am anymore. I'm Sylvie."Loki then quips that she changed her name and Sylvie clarifies: "It's called an alias."<div type="image" title="Loki Sylvie episode three" height="1335" width="1780" msid="83777679" hostid="261"></div>This suggests that Sylvie used to be Loki or some of Loki but now takes on a different mantle - Sylvie, AKA Enchantress. Perhaps the MCU are blending both Lady Loki and Sylvie the Enchantress into one character for the purposes of the show.<h2>What is the variant's plan?</h2>Throughout episode one and two, Di Martino's variant was seen attacking <a href="https://www.insider.com/loki-who-owen-wilson-agent-mobius-what-time-variance-authority-2021-6">Time Variance Authority</a> agents and stealing their reset charges (which are left behind and resets the timeline, pruning the branch off of the sacred timeline).<div type="image" title="Loki TVA timeline" height="1195" width="1593" msid="83602892" hostid="261"></div>In episode two, in the supermarket in 2050 Alabama, the variant sets up a complex looking structure of multiple reset charges, which she times to go off all at once. These reset charges are transported via time doors to different dates and locations, including multiple places on Earth and a bunch of <a href="https://www.insider.com/loki-details-you-missed-easter-eggs-disney-plus-2021-6">very significant locations across the MCU</a> including Vormir, Asgard, Ego, and more. These create multiple branches in the sacred timeline.In episode three, after the variant and Loki become stranded on Lamentis-1, she says her plan was "years in the making," and that she wants to go "straight back to the TVA to finish what [she] started."However, it's still not clear what she wants. Loki later posits that she wants to tear the TVA down, creating "the ultimate power vacuum," and simply walk away. Sylvie doesn't deny this, but she doesn't confirm it either. However, she clearly wants to make her way to the Time-Keepers themselves and does seem to want to put and end to the TVA, so perhaps Loki is right.It's unclear if the variant is working by herself, with someone, or for someone, but one name to keep an eye out for is Kang the Conqueror.Kang is a classic MCU super-villain who is known for his time-twisting and time-travelling plans across the multiverse, with <a href="https://collider.com/ant-man-3-title-ant-man-and-the-wasp-quantumania-kathryn-newton-cast/">Jonathan Majors cast as Kang in 2023's "Ant-Man and the Wasp: Quantumania."</a> Therefore, it wouldn't be a surprise to see Kang involved in the dealings of the TVA. Or, perhaps <a href="https://youtu.be/upSVFbs2yMU?t=684">Kang the Conqueror is actually one of the Time-Keepers.</a>It's unclear what the variant's end goal is yet, but <a href="https://youtu.be/upSVFbs2yMU">one theory</a> ascertains that she wants to get all of the TVA agents out of the TVA so that she can infiltrate the organization with no one stopping her. Or perhaps she wants to create the multiverse...<div type="image" title="Doctor Strange 1" height="1200" width="1600" msid="83602895" hostid="261"></div><h2>What does it mean for the MCU going forward?</h2>Once these charges go off and are transported across the universe, the TVA sees multiple branches spawning off of the sacred timeline - <a href="https://www.insider.com/loki-theories-multiverse-mcu-doctor-strange-2-marvel-2021-6">which would indicate the creation of the multiverse.</a> The multiverse has been teased a lot in the MCU so far, with "WandaVision" and "Spider-Man: Far From Home" both flirting with the idea."Spider-Man: No Way Home" looks set to deal with the multiverse at last, with <a href="https://ew.com/movies/tom-holland-no-tobey-maguire-andrew-garfield-spider-man-3-cameos/">rumors of former Spider-Men Andrew Garfield and Tobey Maguire appearing in the picture</a>, while "Spider-Man 2" <a href="https://variety.com/2021/film/news/alfred-molina-spider-man-no-way-home-doc-ock-1234953527/">Doc Ock actor Alfred Molina has confirmed he is appearing in the movie</a>. Meanwhile, the "Doctor Strange" sequel is titled <a href="https://www.insider.com/doctor-strange-2-multiverse-of-madness-release-date-details-2021-3">"Doctor Strange in the Multiverse of Madness,"</a> so we know we will get the multiverse by these two movies at the latest.The question is how we will get the multiverse and "<a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.disneyplus.com%2Fseries%2Floki%2F6pARMvILBGzF" target="_blank" rel="nofollow noopener sponsored">Loki</a>" looks more likely than anything else to set it up. Multiversal wars have already been mentioned in the show, and <a href="https://www.insider.com/loki-miss-minutes-voice-tara-strong-kate-herron-interview-2021-6">Tara Strong's Miss Minutes</a> explained that the multiverse used to exist until the Time-Keepers stopped it and created the sacred timeline, which the TVA work to protect.With the variant's plan in motion, however, the multiverse could be about to explode into "Loki" and the MCU.

'Loki' could be blending Sophia Di Martino's character into both Lady Loki and Enchantress - here's who both characters are

<ul class="summary-list"><li>The recent market slump may be an overreaction to potential <keyword id="12923231" type="UNKNOWN" weightage="60" keywordseo="rate-hikes" source="Orion">rate hikes</keyword> from the <keyword id="11894209" type="UNKNOWN" weightage="60" keywordseo="fed" source="Orion">Fed</keyword>, analyst says. </li><li>Signs, like GDP and high-yields, aren't pointing to a big slowdown or even a <keyword id="12460783" type="UNKNOWN" weightage="60" keywordseo="recession" source="Orion">recession</keyword>, he said.</li><li>"What the market is saying is pretty ominous," but the data is more positive.</li></ul>Some corners of the stock market may be overreacting to the <a href="https://www.businessinsider.com/federal-reserve-hints-raise-interest-rates-inflation-fomc-meeting-january-2022-1?utm_medium=ingest&amp;utm_source=markets">hawkish Federal Reserve</a> by pricing in a recession, but other signs show there's none looming.In the past few weeks, <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> — especially tech and <keyword id="11995441" type="UNKNOWN" weightage="60" keywordseo="speculative-stocks" source="Orion">speculative stocks</keyword> — have been rattled by signals of impending rate hikes from the US central bank. The Nasdaq is in a <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-correction-final-stages-interest-rate-fears-overdone-2022-1">correction</a>, the S&amp;P 500 flirted with one, and the small-cap Russell 2000 is on the edge of a bear market, having dropped nearly 20% from its high.Such declines indicate investors see the potential for a recession, an economic downturn not seen since the <a href="https://www.cnbc.com/2021/07/19/its-official-the-covid-recession-lasted-just-two-months-the-shortest-in-us-history.html">onset of the COVID-19 pandemic</a>. But that's a little dramatic, no?"What the market is saying is pretty ominous," <keyword id="12243776" type="UNKNOWN" weightage="60" keywordseo="jefferies" source="Orion">Jefferies</keyword> equity strategist Steven DeSanctis told Insider in an interview. "But what the data's telling us is something a little bit more positive."Still, others on Wall Street have warned that fears of a recession, though not necessarily a recession itself, will grip markets later this year.Earlier this month, analysts from <keyword id="11921643" type="UNKNOWN" weightage="60" keywordseo="bank-of-america" source="Orion">Bank of America</keyword> pointed to investors going into "recession panic" caused by a "rates shock" from the Federal Reserve tightening monetary. Star stock picker <a href="https://markets.businessinsider.com/news/etf/cathie-wood-warns-of-recession-risk-china-slowdown-2022-1">Cathie Wood</a> said previously in an investor letter that the market is likely to be focused on the risk of a recession this year.And billionaire hedge fund manager <a href="https://markets.businessinsider.com/news/funds/stock-market-outlook-david-einhorn-sees-inflation-induced-recession-imminent-2022-1">David Einhorn</a> even warned outright that an actual recession is imminent. In a letter to investors Thursday, he said inflation, which is at its <a href="https://www.businessinsider.com/federal-reserve-hints-raise-interest-rates-inflation-fomc-meeting-january-2022-1?utm_medium=ingest&amp;utm_source=markets">highest in 40 years</a>, will cause a recession no matter what the Fed does.In a January 23 note, DeSanctis acknowledged that investors are worried about it. "We think investors see an aggressive Fed pushing the US economy into a big slowdown or even a recession over the next year."But he also said there are no signs of a recession, or even a big slowdown, on the horizon.A recession is defined by a prolonged contraction in gross domestic product. But the economy expanded 5.7% last year. In fact, growth accelerated in the fourth quarter to 6.9% from 2.3% in the third quarter, the Commerce Department said Thursday. And for 2022, it's on track to grow 4%.Even in the face of high inflation and the spread of the omicron variant, GDP has remained strong, DeSanctis said. And he highlighted other data points to back up his view.High-yield spreads, what he dubbed as the "most important metric," haven't shown any troubling signs. And based on early earnings reports, companies haven't seen much of a slowdown in their business prospects. On top of that, he said the US dollar hasn't appreciated as much as it would in a normal recession."We're not in the recession narrative at all," DeSanctis said. Yet considering the Russell 2000 — an index of that's more closely tied to the economy — has teased a bear market despite a lack of bad earnings reports, the market is "pricing in on a lot of bad news," he said.DeSanctis said such an over-reaction to a more hawkish Fed is nothing new. He cited <a href="https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html">December 2018</a> when stocks sharply declined after the central bank raised rates, as an example"We have seen this play before," he said. "And we know that we will get a bounce sooner rather than later."

The stock market slump is raising recession fears but the actual data isn't so 'ominous,' analyst says

<div class="KonaFilter image-container display-table"><div><div class="image on-image">ReutersRussian President Vladimir Putin test firing the Chukavin SVCh sniper rifle in September 2018.</div></div></div><ul class="summary-list"><li>Russia is again testing its Burevestnik nuclear-powered cruise missile, according to The Diplomat.</li><li>The first test of the year and the thirteenth test overall took place on Jan. 29. The result was characterized as "partially successful," indicating that problems persist.</li><li>The arms race between the US and Russia is heating up over conflicts on missile <keyword id="6354810" type="UNKNOWN" weightage="100" keywordseo="defense">defense</keyword> and the end of a nuclear arms agreement.</li></ul>Russia is reportedly back to testing its much-hyped nuclear-powered cruise missile after a pause last summer.The Russians on Jan. 29 tested the Burevestnik cruise missile, which is reportedly powered by nuclear reaction; it's NATO designation is SSC-X-9 SKYFALL, The Diplomat <a href="https://thediplomat.com/2019/02/russia-conducts-test-of-nuclear-powered-cruise-missile/">reported</a> Tuesday, citing US government sources with knowledge of Russia's weapons programs.The test, the first of this year and the thirteenth overall, was apparently only "partially successful," The Diplomat explained, meaning that ithe weapon still doesn't work. No country has fielded a nuclear-powered cruise missile, although the US briefly flirted with the idea decades ago.US intelligence assesses that Russia has only had one moderately successful test, and it resulted in the Russians having to send out ships to find the missile, which was lost at sea after it was test-fired in November 2017. Last March, Russian President Vladimir Putin <a href="http://en.kremlin.ru/events/president/news/56957">boasted</a> that the missile was "invincible," asserting that the powerful weapon has "an unlimited range, unpredictable trajectory and ability to bypass interception."Read More: <a href="https://www.businessinsider.com/russia-to-search-for-nuclear-powered-cruise-missile-lost-at-sea-2018-8">Putin lost his supposedly 'invulnerable' nuclear-powered missile at sea - now he has to go find it</a>The latest test comes on the heels of the release of the Trump administration's Missile Defense Review, which emphasizes the advancements being made by strategic competitors China and Russia. The Russian Foreign Ministry <a href="https://abcnews4.com/news/nation-world/russia-warns-us-missile-defense-plans-will-fuel-arms-race">warned</a> that America's actions "will inevitably start an arms race," yielding "the most negative consequences for international security and stability."The ongoing testing appears to be part of an arms race that may have just been kicked into high gear by US <a href="https://www.businessinsider.com/trump-rips-up-the-inf-treaty-a-cold-war-nuclear-arms-pact-with-russia-2019-2">withdrawal</a> from the Intermediate-Range Nuclear Forces (INF) Treaty, a Cold War nuclear arms agreement that the Trump administration ripped up last Friday over allegations that Russia violated the pact.Read More: <a href="https://www.businessinsider.com/trump-rips-up-the-inf-treaty-a-cold-war-nuclear-arms-pact-with-russia-2019-2">Trump is ripping up the INF Treaty, ending a key Cold War nuclear arms pact with Russia</a>President Trump warned the US will "move forward with developing our own military response" to Russian developments."We will respond quid pro quo," Putin <a href="https://www.foxnews.com/world/russia-must-develop-new-missile-systems-in-response-to-us-withdrawal-from-arms-control-treaty-russia-top-minister-says">stated</a> in response to US moves. "Our American partners have announced they were suspending their participation in the treaty, and we will do the same. They have announced they will conduct research and development, and we will act accordingly.Defense Minister Sergei Shoigu announced Tuesday that Russia will develop a new land-based cruise missile (a variant of the sea-launched Kalibr missiles) and a hypersonic missile by 2021. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/bud-light-dilly-dilly-viral-commercial-super-bowl-campaign-2017-12">Bud Light's 'Dilly Dilly' just made a comeback at the Super Bowl with a weird crossover ad with Game of Thrones - here's what the phrase means</a></h3> <div> </div> </div>

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