Assessing the damage

Stock markets were recently sideswiped by the dual threat of a new Omicron strain of COVID-19 and Jerome Powell's hawkish pivot. Global markets adopted a risk-on tone and the S&P 500 pulled back to test its 50-day moving average.

This week, I assess the damage that these developments have done to the investment climate from several perspectives:

• Fundamental and macro;
• Omicron and Federal Reserve monetary policy; and
• Technical analysis.

The full post can be found here.