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It's premature to turn bearish based on Covid omicron variant fears, Stifel's chief economist suggests
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cnbc.comWhile Wall Street is on alert as a new Covid-19 variant spreads, Stifel's chief economist is hesitant to change her economic outlook.
Lindsey Piegza sees lockdown risks tied to omicron, but she suggests it's too premature to downgrade forecasts based on them.
«If in fact the variant comes into play and we see very tight policies broad based across the country, we could be talking about a second round recession,» she told CNBC's "Trading Nation" on Monday. «On the flip side, if policymakers allow the variant to work its course, we could actually see the recovery fare relatively well through the end of the year and into 2022.»
For now, it appears the United States has every intention of keeping the economy open. During a Monday news
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