As more cases of the Omicron variant of the CCP virus are reported in the United States, the stock market has suffered a stark decline as investors fear that the disease will prolong restrictions on travel and commerce. However, at least two high-profile individuals see Omicron as a cause for optimism: JPMorgan strategists Marko Kolanovic and Bram Kaplan.
In a note to clients, JPMorgan strategists conveyed that the market turmoil caused by the emergence of Omicron in the United States was misguided and presented an opportunity for savvy investors to buy the dip in anticipation of a future recovery.
