Trending Assets
Top investors this month
Trending Assets
Top investors this month
$13.3MFollowers
Fincredible MacroTalk: Omicron
The latest wave of Covid-19 is in full swing.
The rising number of cases is certainly worrisome, but since this variant appears to be less harmful than previous variants, and a big portion of the world is vaccinated, it should result in a lower number of deaths and less disruptions to the world economy.
The latest Fincredible MacroTalk explores how the current COVID wave is impacting corporations. Here are some of the most relevant quotes from the post:
- $MSM "While it's still early days with the presence of the Omicron variant and a related rise in COVID case counts, so far, customers and suppliers are working through it. There is a different tone from the early stages of the pandemic in 2020. And while we're seeing increases in the number of cases in our own facilities, those who are infected are returning to work more quickly."
- $CTAS "At this point, we haven't seen a change in our customer base as a result of Omicron. It's a little early to tell, certainly. But nevertheless, I would say it's business as usual at this point with our customers."
- $MU "These costs that we're seeing in terms of COVID mitigation and some inflationary pressure. Those are likely to continue through the year. Hard to say when they abate, but we do expect that they will continue through the year."
The current COVID-19 wave appears to be less disruptive than previous waves, but the ripple effects from the latter continue to have an impact on the economy.
If you'd like to read the whole post, here's the link: Fincredible MacroTalk
fincredibletranscripts.substack.com
Fincredible MacroTalk January 5: Omicron Disruptions
Management commentary on COVID-19 and the Omicron variant from $MSM $UNH $CTAS $AIR $FDX $MU $NKE $MRK $PFE $TMO $MRNA.
Already have an account?