The latest data on Omicron suggest is not as dangerous as the delta covid-19 variant, according to White House chief medical advise Dr. Anthony Fauci. According to Dr. Fauci, the preliminary data is ‘encouraging’ although more data is needed to validate this view. With risk markets now fully focused on covid data once more, this news has led to a surge of interest in risk assets over the last two days, with price action today particularly strong. Global indices are running higher, while the VIX fear index has dropped sharply from last Friday’s 10-month high.
