Bill Ackman says the Covid omicron variant could end up being bullish for markets
Investor Bill Ackman said the new omicron variant of the coronavirus could actually give U.S. stocks a boost if symptoms turn out to be less severe.
“While it is too early to have definitive data, early reported data suggest that the Omicron virus causes ‘mild to moderate’ symptoms (less severity) and is more transmissible,” Ackman said in a tweet Sunday evening. “If this turns out to be true, this is bullish not bearish for markets.”
The founder and CEO of Pershing Square Capital Management added it would be bullish for the equity market and bearish for the bond market.
http://archive.today/2021.11.29-235220/https://www.cnbc.com/2021/11/29/bill-ackman-says-the-omicron-covid-variant-could-end-up-being-bullish-for-markets.html
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He went on to say that we need to support construction bill etc while loading up on Howard Hughes Corp.
If you really want to “take his advice” follow what he buys/sells on Pershing square and copy it.
You gotta be extra special to read/watch CNBC.