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Omicron and market sell-off: don't be surprised if there's more turbulence to come

By Arturo Bris, Professor of Finance, International Institute for Management Development (IMD)

Until the Omicron variant hit the headlines, the signs were that 2021 was going to close with a stellar stock-market performance. Most markets have been on the rise since the beginning of the year, with the S&P500 up about 25% and the FTSE All Share index up by about 10%.

There had certainly been…

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