Tag Archives: Omicron

Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link

The bull market of 2021 may be on temporary hold as investors assess the economic risk from the new Omicron variant of COVID-19, warns Goldman Sachs. “We think a broad risk recovery may be impeded in the near term by the need to digest the prospect of a more hawkish Fed and a less consistent cyclical tailwind. Ironically, the Omicron scare itself may now create the best possibilities for relief in the coming weeks, either because incoming news is better than feared or because it prompts… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 29, 2021 I am not a doctor. I will venture to say that most of you reading this aren’t doctors, either.  So all we could collectively do after Friday’s market beatdown is assess incoming information on the Omicron variant to the best of our ability and go from there.  Here’s the current state of play in this fast-changing… Source link

(Bloomberg) — Stocks in Europe rebounded and U.S. equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading the advance. S&P 500 and Nasdaq 100 contracts climbed, WTI oil rallied back above $71 a… Source link

(Bloomberg) — Most Read from Bloomberg Symptoms linked to the omicron coronavirus variant have been mild so far, said South African health experts, including the doctor who first sounded the alarm about the new strain. But the World Health Organization cautioned there is “no information” symptoms caused by omicron are different from other strains. The 13 omicron cases identified in the Netherlands on Sunday suggest the new variant already has a strong foothold in Europe, with more… Source link