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Bill Ackman says the omicron Covid variant could end up being bullish for markets
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cnbc.comInvestor Bill Ackman said the new omicron variant of the Covid-19 virus could actually give U.S. stocks a boost if symptoms turn out to be less severe.
«While it is too early to have definitive data, early reported data suggest that the Omicron virus causes 'mild to moderate' symptoms (less severity) and is more transmissible,» Ackman said in a tweet Sunday evening. «If this turns out to be true, this is bullish not bearish for markets.»
The founder and CEO of Pershing Square Capital Management added that it would be bullish for the equity market and bearish for the bond market.
First detected in South Africa, the new Covid strain has now been found in more than a dozen countries, causing many to restrict travel from southern Africa. The
Read more on cnbc.comAbout this in other media
A fortnight ago the UK economy was looking up; then Omicron arrived theguardian.com /2 years ago
'Don't panic', WHO says, as fears of Omicron COVID-19 variant rise euronews.com /2 years ago
Look at the Omicron data before any interest rate rise, says Bank policymaker theguardian.com /2 years ago
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