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Omicron Can Boost Equities If Symptoms Are Mild, Ackman Says

Bill Ackman 
Bill Ackman Photographer: Christopher Goodney/Bloomberg

Pershing Square Capital Management founder Bill Ackman says that it will be bullish for equity markets if symptoms caused by the omicron coronavirus variant turn out to be mild to moderate, even if it’s more transmissible.

“If this turns out to be true, this is bullish not bearish for markets,” he tweeted, specifying he meant bullish for equity markets and bearish for bonds.