COP – COP gave back early gains, similar to the Brent price action today. The pair broke below 4,700 after the open but overall risk-off sentiment brought it back to 4,710 level. On the data front, November Economic Activity drops to 3.0% (BBG Surv. 3.5%, prior 4.6%). Flow wise, our local trader Santiago Calvache has seen mixed flows overall with better outflows from Fast Money names and better inflows from Real Money names in the cash space.