Singapore | The recent market turmoil caused by the emergence of the omicron virus strain may offer investors a chance to position for a trend reversal in reopening and commodity trades, according to JPMorgan.

While it is likely that omicron is more transmissible, early reports suggest it may also be less deadly, which would fit into the pattern of virus evolution observed historically, strategists Marko Kolanovic and Bram Kaplan wrote in a note on Wednesday, US time. This might ultimately be a positive for risk markets because it could signal that the end of the pandemic is in sight, they said.

Bloomberg