Global equities ended the first week of the new year in full-on melt-up mode. You can hardly blame risk sentiment for running away from reality. After all, reality is pretty hard to cope with. The pandemic is proving to be just as stubborn as you'd expect a pernicious, evolving biological threat to be and Washington D.C. is a horror-themed circus. "The US, which is supposedly the cradle of democracy, shocked all of humanity," Recep Tayyip Erdogan said Friday, in Istanbul. He likened this week'