By John Persinos
To quote Michael Corleone in The Godfather Part III: "Just when I thought I was out, they pull me back in."
Just when we thought the pandemic was letting us out, the Omicron variant pulls us back in. But don't panic. Below, I provide you with three simple "defensive growth" moves to protect your portfolio against COVID's latest nasty surprise.
U.S. stocks and global oil prices plunged Tuesday, reflecting growing anxiety over Omicron and rising inflation. The main indices declined as follows: the Dow Jones Industrial Average -652.22 (-1.86%); the S&P 500 -88.27 (-1.90%); the NASDAQ -245.14 (-1.55%); and the Russell 2000 -43.07 (-1.92%). The CBOE Volatility Index (VIX), aka "fear index," soared roughly 23%.
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