July 31, 2021
Investors stored stocks

Investors stored stocks

Investors stored stocks, bought bonds and dreaded the virus

Investors stored stocks
Investors stored stocks

Investors stored stocks, bought bonds and dreaded the virus The outbreak of the epidemic on Wall Street in Sydney on Monday raised fears of a resurgence of epidemics, with fears that rapidly spreading forms of the virus could reverse a strong economic recovery.

The S&P 500 fell 2% in afternoon trading after setting a record a week ago. Another sign of concern is that ten-year Treasury yields have reached their lowest levels in five years as investors scramble to find safe havens for their money.

Investors stored stocks, bought bonds and dreaded the virus At 12:58 a.m., the Dow Jones Industrial Average fell 885 points, or 2.6%, to 33,802. The Nasdaq composite was down 1.5%.

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Airlines and shares of other companies that will be most affected by the potential COVID-19 restrictions have suffered the most, as in the first days of February and March 2020. Mall owner Simon Property Group is down 5.9. % And the cruise line carnival loses 5.5%.

The fall has also hit the world, with several European markets falling by about 2.5% and Asian indices falling slightly. Meanwhile, after OPEC and allies agreed to allow more oil production this year, US crude fell more than 6%.

Growing concerns about the virus may seem strange to people in regions of the world where masks have been removed or have already been done, thanks to the Covid-19 vaccine. But the World Health Organization says the number of cases and deaths worldwide is on the rise after being phased out as a result of extreme infectious delta change. And no matter how closely connected the global economy is, a hit anywhere can quickly hit another on the other side of the world.

Experts say Indonesia has become a new epicenter of the epidemic as the outbreak in Southeast Asia grows. Meanwhile, some athletes have tested positive for COVID at the Tokyo Olympic Village with the opening of the Games scheduled for Friday.

Even in the United States, where vaccination rates are generally higher, Los Angeles County residents must wear masks at home again, whether they are being vaccinated after a spike in cases, hospitalizations and deaths.

Across the country, the daily number of COVIDs has increased by about 20,000 in the last two weeks to about 32,000. The vaccination campaign has hit a wall, with daily vaccines falling to their lowest level since January. Cases are on the rise in all 50 states,

Localized coronavirus outbreaks are beginning to affect heavily isolated communities in places like Missouri and Arkansas, where hospitals are once again running out of space. Almost all hospitalized COVID patients are not vaccinated. More than 68 percent of the American population has received at least one dose of the vaccine, and 59 percent are fully vaccinated. And about a dozen states have yet to vaccinate 40% of their population.

Financial markets have long shown signs of greater concern, but the US equity market is largely resilient. The S&P 500 has experienced only two weeks of deep experience in the last eight years and last time it fell 5% from a record high in October.

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Several analysts are pointing to this background of high prices and very quiet movements over the weeks, analyzing Monday’s drop.

“It’s an overwhelming response, but when you have a market that’s hitting record highs, it’s kind of a race for us, virtually unhindered, it’s extremely risky for all kinds of bad news,” Randy said. Frederick, vice president of trading and derivatives at Charles Schwab. “It was just a question of what the point of change was and it seems we finally reached it this morning,” he said, expressing concern about the delta option.

He and other analysts are optimistic the stocks could recover quickly. Investors have recently been trained to see any decline in the stock as an opportunity to buy only at a lower price. Moreover, the general expectation is that the economy will still continue to grow.

Barry Bannister, Steffel’s chief equity strategist, was more pessimistic. He says that

Investors stored stocks

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