Goldman Sachs strategist ready to buy the dip on Omicron variant scare

We think a broad risk recovery may be impeded in the near term by the need to digest the prospect of a more hawkish Fed and a less consistent cyclical tailwind.  Ironically, the Omicron scare itself may now create the best possibilities for relief in the coming weeks, either because incoming news is better than feared or because it prompts monetary policymakers to take a more cautious stance toward tightening.

~ Dominic Wilson, Goldman Sachs strategist, client note, November 29, 2021