BlackRock Manager Sees Bonds Back in Fashion as a Hedge

The transcript discusses the market's reaction to the Omicron variant, emphasizing that while it poses a setback, it doesn't erase previous progress on vaccines and antivirals. The potential for vaccine escape could delay recovery, necessitating new booster programs. The discussion also covers hedging strategies, highlighting the role of government bonds and the dollar in multi-asset portfolios, especially given inflationary pressures in the US.

What are the potential headwinds for the market as discussed in the text?

Discuss the expected trends for the dollar in the context of market dynamics mentioned.