Market strategy: Time to be greedy or fearful? Here's what analysts suggest

Most Asian markets slipped with Japan's Nikkei down 2 per cent and Straits Times slipping nearly one per cent. Shanghai Composite, Kospi and Taiwan were down 0.2-0.4 per cent, each

The new Covid variant found in South Africa derailed most global markets, including India, which saw the S&P BSE Sensex tank over 1,400 points in intraday deals. Though the markets recovered partially, analysts suggest investors remain in a wait-and-watch mode and not jump in to buy stocks across-the-board.

"With the depth of winter fast approaching in the northern hemisphere, this renewed Covid outbreak is clearly the biggest risk to GREED & fear’s recommended cyclical trade," wrote Christopher Wood, global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear.