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“People are less worried about the variant,” said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.

Lip also cited a boost from news that China’s central bank would cut the amount of cash that banks must hold in reserve, potentially boosting overseas companies that sell products in China as well as China’s economy.

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Reuters RPT - US Stocks, December 6, 2021: Wall Street regains some ground with help from easing virus fears

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Baker Avenue Asset Management LP. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. All information is believed to be factual and up-to-date as of this writing and is subject to change. Before purchasing any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of any investment.
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