As the Omicron variant of the CCP virus reports more cases in the United States, the stock market has suffered a stark decline as investors fear that the disease will prolong restrictions on travel and commerce. However, at least two high-profile individuals see omicron as a cause for optimism: JPMorgan strategists Marko Kolanovic and Bram Kaplan. In a note to clients, the JPMorgan strategists conveyed that the market turmoil caused by the emergence of Omicron in the United States was misguided and presented an opportunity for savvy investors to buy the dip in anticipation of a future recovery. “Over the last several days markets have been in turmoil over the new COVID variant Omicron. However, data on Omicron is sparse, information contradictory, and some media has been exaggerating risks and highlighting worst-case scenarios,” said the strategists. “Omicron could be a catalyst for steepening (not flattening) the yield curve, rotation from growth …
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