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Base Case Remains Rally Into YE

Pfizer essentially confirming Omicron is mild = Omicron needs to be “repriced” in financial markets
Pfizer’s CEO, Albert Bourla, told the WSJ yesterday that Omicron does appear milder and this is another positive anecdote.

  • Symptoms from Omicron appearing milder
  • This is consistent with many health experts who have argued virus gain transmissibility but trade-off tends to be lethality
  • This is still not clinically proven, so this remains another “incoming anecdote”
Source: https://www.cn...

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