Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

So much for a relaxing Thanksgiving break… Markets sold off on news of the new COVID variant, Omicron, and volatility is soaring. I expect both the media and the government to overreact… But don’t worry: In today’s show, I lay out what you need to know—and do—in the coming weeks to prepare your portfolio. [0:30] While we still don’t know much about Omicron, countries around the world are already restricting travel. I highlight the dangers of governments reacting prematurely… what we currently know about the new variant… and how the narrative has changed around vaccines. [7:25] I also explain why the market selloff we’re seeing is illogical… and how the media and big business—especially Big Pharma—use fear to make profits. [13:00] But volatility leads to opportunities... Here’s what investors should be focused on as we prepare for the Omicron circus. [21:30] Fed Chair Jerome Powell testified on Capitol Hill today regarding the country’s economic outlook—including ongoing inflationary pressures. I break down th