5 Defensive ETF Bets as Omicron Enters the United States
Zacks Investment Research | Dec 03, 2021 08:00PM ET
The highly mutated new COVID-19 variant, omicron, has finally entered the United States. Dr. Anthony Fauci has confirmed that the first case has been detected in California in a traveler who had arrived from South Africa on Nov 22 and was tested to be positive on Nov 29 (per a CNN report). The new variant is feared to be carrying the combined features of the previous variants and can have high transmissibility and lower vaccine potency.
Federal Reserve Chair Jerome Powell has also adversely impacted market sentiments by mentioning that the central bank will be discussing speeding up the tapering process from the $15 billion-a-month schedule decided previously, per a CNBC article. This move might be taken to control the persistently high inflation levels, given that the U.S. economy is strongly recovering from the pandemic-led slump.
Against this backdrop, let’s take a look at some defensive ETF options that investors can consider like Vanguard Dividend Appreciation ETF ETFs to Gain on Strong Q3 Walmart (NYSE:WMT) Earnings ).
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