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Premium: Discovery’s watershed Omicron analysis grabs global investor attention
Officialdom can be expected to take the cautious line and float reasons to depress Omicron optimism but for those who live in the real world, the signs are clear.
Last night, shortly after I replicated the BizNews Shyft share portfolio, share prices on the US stock market started to recover after an initial slide. By the close, my $10 000 was $190 into the green (see above). That means absolutely nothing for our five year-plus project. But it does show rational investors paid attention to Discovery's data-based analysis of Omicron, released yesterday.
Mr Market has been fretting the new variant would deliver another disruptive shock to global supply chains, consumer confidence and economies generally. He may now start to relax. A sober assessment of Discovery's analysis suggests this is unlikely. The SA group's number crunching support other credible evidence that's emerging.
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