Investors Shrug Off Rising Omicron Cases To Buy Stocks

Investors Shrug Off Rising Omicron Cases To Buy Stocks

Stock equity futures are pointing to a higher open as investors look to keep the Santa Claus rally rolling. Investors appear to be little affected by rising cases of the COVID-19 Delta and Omicron variants. Airline stocks rallied back on Monday despite the negative news and many leisure stocks were positive. Yesterday, investors appeared to be most interested in large-cap growth stocks, so we'll see if investors look to diversify. Like I said on Monday, the time between Christmas and New Years are lighter volume days so be careful because they can turn quickly. Smaller position sizes and short-term opportunities may be more sensible approaches this week. According to the Centers of Disease Control and Prevention (CDC), the majority of cases, 96. 7%, are still Delta variants. Omicron makes up about 2. 9% of cases, but last week it was only 0. 4%, which is more than a 600% increase. The CDC has also shortened the recommended COVID-19 isolation and quarantine time from 10 days to 5 days. However, investors seem unconcerned with any of the changes as the S&P 500 futures (/ES) are rallying for the fifth day in a row and creating another all-time high before the opening