some virus that no one is pronouncing correctly was discovered in California and panic sets in.
not sure anyone in the world has been hospitalized with the Omicron (O-my-cron NOT o-me-cron) variant (unless with underlying conditions). So will not cause a drain on resources which was the main reason for trying to stop the spread via shutdowns etc.
Once market and world realizes this we will bounce back - swing traders/ETFs must be loving this