“Punch” is a good description of this one–a couple of glasses pack a wallop. Add extra cranberry juice if you want it weaker.
Simmer spices, vermouths, cranberry juice, and sugar in a small saucepan. Remove from heat and let steep 1 hour.
Chill remaining ingredients in a large container. Strain spice mixture into wine mixture and chill until ready to serve.
Note: Nutritional analysis is per serving.
* Percent Daily Values are based on a 2,000 calorie diet. Your daily value may be higher or lower depending on your calorie needs.