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Stock Gains Signal Omicron Threat to Ease, Westwood’s Alpert Says

  • Leisure and travel hit, but investors don’t expect lockdowns
  • Inflation to abate as consumer demand already lessening
Travelers at Harry Reid International Airport in Las Vegas, on Jan. 2. 

Travelers at Harry Reid International Airport in Las Vegas, on Jan. 2. 

Photographer: Patrick T. Fallon/AFP/Getty Images

Investor support for stocks is showing that the omicron coronavirus variant and inflation pressures are unlikely to devastate the market in 2022, said Daniel Alpert, managing partner at Westwood Capital.

“Omicron is turning out to not be a huge threat,” he told Bloomberg Television’s Surveillance Monday. “It’s going to cause enormous disruption in leisure, hospitality and transportation over the first quarter. But at the end of the day, I think the market is rallying because there is this perception that there are not going to be these economic lockdowns that resulted from the first several waves of the virus.”