By John Persinos
In the early days of my career, when I was a daily newspaper reporter, the news was delivered to readers on actual paper. We had a slogan in the newsroom: Today's news is tomorrow's fishwrap.
COVID's Omicron mutation has emerged in recent days as the biggest risk to financial markets. Perhaps tomorrow, news of Omicron will be fishwrap. But as of this writing, it's the crisis du jour.
The World Health Organization (WHO) announced on Monday that the variant is likely to quickly spread and poses a "very high" global risk. The WHO warned of "severe consequences" for some areas.
Initial news of the Omicron outbreak sent global equities plunging last Friday, with major indices in the red for the week.
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