• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Why Wall Street Isn’t Freaking Out Over Omicron

Dec 16, 2021

Why Wall Street Isn’t Freaking Out Over Omicron

The Omicron variation has arrived at an inopportune moment for investors just as they prepare for the new year. However, Wall Street appears to consider the new Covid-19 virus type as little more than a bit of nuisance. We'll go back to wearing masks at offices and malls while continuing to work on the economic recovery.

In the weeks since Omicron's Thanksgiving appearance, RBC Capital Markets' U.S. equities strategist Lori Calvasina and her colleagues have met with many investors to discuss RBC's 2022 estimates. Omicron hasn't been a hot issue at that meeting.

Calvasina tells journalists, "It hasn't been the topic of conversation. To be honest, the Fed has gotten a lot more attention."

Only around half of RBC's clients were concerned that the new variation would impact the economy or their portfolios, according to a study conducted two weeks ago. Their main worry was whether vaccinations against Omicron were still effective. "It'll take a few weeks for us to find that out," Calvasina adds. "However, based on the amount of our data so far, our knowledge is skewed toward the good."

According to vaccine manufacturers, the highly altered Omicron is more contagious than previous Covid strains, even among the vaccinated. However, immunizations still provide significant protection against severe symptoms that might lead to hospitalization or death. Treatments for the Covid virus, such as Pfizer's (PFE) experimental antiviral tablet, also appear to be effective against Omicron.

According to data analytic research done in October by RBC analyst Mike Tran, the Covid strains will continue to appear. Still, in general, financial markets and society have grown less reacting to Covid case numbers. "The vaccination has obviously lessened the degree of elasticity between social behavior and new Covid cases," Tran said, "but Covid weariness has also helped."

The RBC research looked at media coverage of Covid, as well as public, corporate reports, and conference calls. Compared to 2020, Covid mentions were roughly 40% less ordinary this year.

RBC analyst Tran examined data from sources such as Booking Holdings (BKNG) restaurant-reservation service OpenTable and Raytheon Technologies (RTX) air-traffic monitor FlightAware to find that the Delta variation had not prevented Americans from discretionary trips throughout the summer.

Omicron probably won't change that behavior. "Chances are you continued to go to the mall or eat at a restaurant throughout the summer, despite a significant spike in cases if you were comfortable doing the same things in the spring," writes Tran.

Subscribe Our Newsletter

Tesla Earnings Are Coming. They Better Be Good.
Tesla Earnings Are Coming. They Better Be Good.

Tesla stock trading has been a wild ride recently. It's about to become much crazier, as the electric car business is scheduled to publish fourth-quarter profits after Wednesday's closing of the market.

Companies
Stock Market News Live Updates: Stocks Extend Losses As Russia-Ukraine Tensions Build
Stock Market News Live Updates: Stocks Extend Losses As Russia-Ukraine Tensions Build

Equities extended losses on Friday, closing the week in red for the second week in a row, as tensions in Europe escalated, contributing to a further risk-off tone in markets.

Stocks
Oliver

Benefits of Using Cryptocurrency Services for Merchants
Many people around the world have undoubtedly heard of blockchain technology and cryptocurrencies. Crypto wallets, as well as alternative payment methods, are evolving alongside it, and they are transforming the way we do business online. Merchants using payment processors convert bitcoins and other crypto assets instantly into fiat currency.

discover
How to Choose the Best Liquidity Provider?

Liquidity Provider

How to Choose the Best Liquidity Provider?

Let's find out what services does the Liquidity Provider offer, is the Liquidity Provider regulated and what what other factors to consider.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy