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Investors should buy the Omicron-led dip in the stock market because the new variant might accelerate the end of the pandemic, JPMorgan says.

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The Omicron-led decline in the stock market represents a buy able dip for investors, according to a Wednesday note from JPMorgan's Marko Kolanovic.
With the S&P 500 down almost 5% from its recent high, investors are looking for clarity as to how transmissible and deadly the new COVID-19 variant is, and whether current vaccinations will protect against the disease.
Some on Wall Street have been highlighting worst-case Omicron scenarios, but Kolanovic feels current data shouldn't ring alarm bells just yet.
"South African cases are near the pandemic average, and COVID fatalities are near the bottom, a fairly favorable situation relative to the past two years," he explained.