Omicron is eradicating a more dangerous variant. After a +27% year, history implies S&P 500 2022 5,400-5,600 = our base case is conservative

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This is our final note for 2021. While the S&P 500 is on track to gain more than 25%, this has been labored gains given the constant tumult of COVID-19, Fed policy pivots (anticipation), persistent negativity and general public exhaustion with pandemic restrictions. I wa...

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