New COVID-19 Variant, Omicron, Rattles Markets11/29/2021

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Last Friday, concerns over a new COVID-19 variant drove widespread de-risking across global financial markets. The World Health Organization (WHO) warned that a new variant discovered in South Africa has been reported on several continents. WHO named the new variant “Omicron,” and has labeled it a “variant of concern,” the most serious category the organization uses for such tracking.

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