Markets and Omicron:
With Omicron stressing the world’s economies last week, the markets from New York to Europe to Asia all struggled. It wasn’t just Omicron weighing on investors, but the rising case numbers added to the mood hanging over global markets, tempting investors to sell out of high-priced holdings in exchange for “safe havens”.
However, amidst a rise in Covid-19 cases, the stock markets have remained largely resilient. Who has been investing? What are the concerns? What should investors do? Jeff Powell & Jeremy Witbeck provide their perspective on why investors need not panic yet.