Investors have a chance to profit from the upcoming growth

Reports of the spread of a new variant of the coronavirus omicron have been provoking stock sales on many stock exchanges since Friday. They also make some commodities cheaper, especially oil. The strategy of the American bank JP Morgan sees this as an opportunity, according to them, investors have a chance to buy cheaply and profit from the upcoming growth. They believe that the omicron may signal the end of the pandemic. Not much is known about the omicron variant yet. According to experts, it is still necessary to wait several days to weeks for clinical trials to be completed for more detailed information on the infectivity of a new coronavirus mutation, the course of the disease or the effectiveness of current vaccines. According to initial indications, omicron is probably more contagious than the previous dominant delta mutations, but cases from South Africa so far show that it could cause milder symptoms. For example, Australian Health Chief Medical Officer Paul Kelly said on Thursday that there was no evidence yet that omicron was more lethal than other mutations. JP Morgan strategists Marko Kolanovic and Bram Kaplan base their latest outlook on this information. According to them, they fit into the pattern of evolution of viruses observed in the past, which could signal that the end of the pandemic is in sight. If omicron were indeed more contagious and less dangerous at the same time, it would quickly displace other variations and make covid a "more seasonal flu," strategists estimate. Therefore, he sees the new mutation as an investment opportunity to take advantage of the sales on world markets of recent days. "Omicron could be a catalyst for steeper revenue growth," Bloomberg said in an analyst report on Wednesday. "For cyclical stocks or commodities, we see the recent sale as an opportunity to 'buy the dip'," he says. Bloomberg adds that one of the authors of the Kolanovic report, who this year became the chief market strategist of one of the largest American banks, has in the past called the markets' reaction to the delta mutation exaggerated. News of the rapidly spreading omicron sent major stock indices down on Friday, with European and US stock exchanges failing this week as well. The three main indices in the USA closed Wednesday with a loss of more than one percent, the pan-European index STOXX Europe 600 shows a one-day decline of about 1.2 percent after noon on Thursday. Major Asian stock market indices were able to erase last week's loss. Omicron fears have also pushed down the price of oil. In an effort to prevent its spread, countries around the world have begun to introduce traffic restrictions and tighten regimes at their borders. Carriers' demand for fuels is likely to fall. The price of a barrel of Brent North Sea oil fell below $ 70, the lowest since August. Also, a barrel of US light oil WTI is the cheapest in the last three months, the price is around $ 66.