, briefly traded at an all-time high yesterday before falling back to close the day slightly down, as tech stocks took a knock. A return to the recent highs will be a bullish sign in the index and a potential long trade signal.In the Forex market, latent strength remains in the US dollar as short-term yields rise to reach long-term highs, but we also see strength in the euro and a weakness in the Japanese yen .
Data suggests that the globally rampant omicron coronavirus variant, while considerably more infectious, has notably milder effects than previous coronavirus strains, with an estimated 70% reduction in the probability of hospitalization. This is potentially very good news for both health and economy, and this has helped to drive recent bullishness in stock markets.