Forget reopening. The new COVID variant has `stay-at-home` stocks rebounding.


Forget reopening. The new COVID variant has `stay-at-home` stocks rebounding.


With the ink barely dry on news of another COVID strain, Wall Street is already betting big on another round of lockdowns.

The new variant of coronavirus discovered in Africa has quickly revived worries of another virus wave, as experts fear its many mutations could make it more infectious — and potentially vaccine-resistant. The variant, named B.1.1.529, has already been found in South Africa, Botswana, and Hong Kong. The world economy had only just seemed to put the Delta wave in its rearview before this new strain, which stands to freeze the global recovery in its tracks all over again....
  • Remote work and vaccine stocks rallied in Friday trading as traders bet on the new coronavirus variant to spark fresh lockdowns.

  • The rest of the market slumped the most all year, overshadowing strong 4Q forecasts and data showing a budding boom.

  • It shows the "stay at home" trade is suddenly back on, and reopening is in doubt yet again.
   ...more

RSK: Let`s see, if masks are so effective, and we have a mask mandate here in Dane County, why won`t people return to work...especially if vaccinated?

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- - Volume: 9 - WEEK: 49 Date: 11/30/2021 10:44:23 AM -