By Carjuan Cruz
Investing.com – Based on historical patterns of viruses, and especially Covid-19, Omicron could be the catalyst for a deadly pandemic to seasonal flu, JPMorgan (NYSE 🙂 noted in its latest report. And, given this possibility, the investment bank indicates that this could be a good time to buy.
“If this scenario happened, instead of omitting two letters and naming it Omicron, the WHO could have jumped to omega -the last letter of the Greek alphabet-“, indicated the entity’s analysts in the document.
In fact, the Australian health director, Paul Kelly, spoke yesterday stating that there is no indication that the new variant is more deadly than the previous ones, and that it could, on the contrary, be milder.
“More than 300 cases have now been diagnosed in many countries, all have been very mild or have not presented any symptoms,” said the expert.
Yesterday the first case was detected in the United States, and according to Anthony Fauci, chief adviser on the Coronavirus to the president of the United States, Joe Biden, the affected person was returning from South Africa, had mild symptoms and was already showing improvement.
Opportunity of entry
Global markets panicked after the new variant was first detected last week, and the World Health Organization decreed it as “of concern” because it reflects a higher number of mutations that made it a much more strain. contagious.
Fears increased when some vaccine manufacturers said they were unsure about the efficacy of their Omicron injections. However, now with the possibility that the new strain is less serious than the previous ones, the panorama raises other scenarios.
According to JPMorgan’s analysis, the moment offers an opportunity to position: “The recent selloff may be an opportunity to buy into the decline in cyclicals, commodities and sectors that benefit from reopening.”
“Ómicron could be a catalyst for steepening the yield curve, rotating growth to value, the sell off in Covid and rebounding on reopening issues,” the investment bank added in its report, according to a Bloomberg report that quotes it. .
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