It was first detected in South Africa, the new variant has now spread across a dozen more countries, causing restrictions for people to travel from southern Africa

2. Bill Ackman stated that market may end up getting bullish because of Omicron
variant
• A pre-eminent investor Bill Ackman has stated that the new omicron variant of COVID-19 virus may end-up
providing a boost to the U.S. stocks if the symptoms don’t go severe. Although it may appear too early to
access definitive data, the studies thus far are suggesting a lower to mild symptoms (reduced severity) but is
more transmissible. If it turns out to be true, then it may provide a bullish run and not a bearish rally for the
markets across the world. Being the founder and CEO to the Pershing Square Capital Management, he
further stated that it could be a bullish run for the equity market and bearish run for the bond market.
• It was first detected in South Africa, the new variant has now spread across a dozen more countries, causing
restrictions for people to travel from southern Africa. The World Health Organization has labeled the new
strain as a variant of concern on past Friday when the Dow Jones Industrial Average registered a reduction of
900 points which is its worst since October 2020. The COVID-19 symptoms for the omicron variant could be
described as “extremely mild” by one of the South African doctor who raised the alarm for the strain. Still,
the WHO stated that the newer studies may take weeks for actually comprehending how the variant works
and affects diagnostics, and vaccines.
• The investor comments have been stated after watching the entire healthcare crisis and the market scenario
over the past two years. At the peak of its crisis COVID-19 in March 2020, Ackman stated and warned
investors that “hell is coming” and instated urges for President Trump and to shut down the country for
about 30 days for containing the virus, calling it the only viable option to rescue the country.
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3. Bill Ackman stated that market
may end up getting bullish
because of Omicron variant
It was first detected in South Africa,
the new variant has now spread
across a dozen more countries,
causing restrictions for people to
travel from southern Africa

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