The Optimistic Case for Omicron
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Here comes déjà vu December. There's a new Covid-19 variant, travel measures are tightening, and Wall Street traders' brows are furrowed with more sweat than usual (let's face it, traders are frenetic, sweaty people).
On Friday, global shares fell the most since October, US Treasury yields the most since spring 2020, oil fell 13%, and Bitcoin tumbled 10%. But there are signs that controlling the culprit, the new Covid-19 variant and '80s Transformers villain Omicron, could go smoothly.
Source Fool.com
