#1
Quote:Global markets had a stronger month, following a weak November, and delivered above average returns for the year as a whole. During December investors were closely monitoring data on the new Omicron variant, given the potential impact it could have had on global economic activity and the recovery from the first few variants. While data showed very early on that transmissibility was much higher than before, data towards the end of the month implied it was less deadly than Delta, which caused equities to first sell off and then rally into the end of the month.
Source: https://www.efgam.com/