One minute the virus isn’t a problem, when it is – then it is a problem, when it isn’t! What the hell? (As far as the stock market is concerned)

Fearful

Stocks tumble on delta variant fears Stock markets took a hit Monday 19th July 2021, as the headlines read, ‘Dow tumbles 900 points on concern of a Covid rebound‘. Is Covid entirely to blame for this fall? No, not entirely. Fickle highs? So, why now, after all – the virus hasn’t bothered stocks since the massive fall in March 2020 – as stock momentum and economic recovery went into overdrive and pushed the Dow, S&P 500 and Nasdaq to new record highs. U.S. stocks fell aggressively Monday on concern a…

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Asia stocks lower as global recovery slows and Covid cases climb

Pandemic and the economy

Asia stocks lower Shares were mostly lower in Asia on Friday after U.S. stocks struggled amid uncertainty over rising Covid-19 cases and new risks appearing. Nikkei index closed down at: 28000 a drop of around 276 points On Thursday, U.S. stock indexes closed mostly down from recent highs. Asia stocks followed suit amid a rise in pandemic cases slowing global economic growth. Some 111 countries now have the delta variant as the prominent strain. U.S. indices The S&P 500 closed down at: 4360 The index may now show its first…

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Major U.S. stocks fell Thursday on concerns of global economic recovery

Stock market red

Major U.S. stock indexes fell Thursday on concerns of a slowing global economic comeback from the pandemic. The losses came as countries grappled with a fresh virus cases due to Covid variants. Japan declared a state of emergency in Tokyo and said the games will be spectator free. Indices drop The Dow Jones Industrial Average dropped 260 points. The S&P 500 closed down at 4321 and the Nasdaq closed down at: 14559 – coming off recent record highs. The Dow in intra-day trading was down by as much as 535 points. Some…

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OECD says Covid-19 has destroyed 22 million jobs and new Covid variants a top risk to economic recovery

Pandemic and the economy

Main points from OECD statement 22 million jobs have been lost in advanced economies due to the pandemic Job retention schemes have saved around 21 million jobs Wealthy countries face the threat of rising long-term unemployment Low skilled workers will most feel the sustained affect of unemployment as these sectors are disproportionately affected by the pandemic Employment recovery forecast for third quarter 2023 Younger generation severely impacted New outbreaks of Covid-19 remain one of the top risks to a global economic recovery Like other officials, he called for developed nations…

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Strange times – have U.S. markets gone mad?

Financial bubble

Disconnected from reality? Are elevated prices in U.S. markets showing a disconnect from reality? Is the free flowing Federal Reserve liquidity too easily available? Are central banks too eager to please? Are central bank fearful of failure? Do they really need to step in every time economies face a problem? Should markets work it out without so much central bank intervention or interference? Do we now have too much debt, again and… have we built a new bubble – the mother of all bubbles? Bubble busters Take the COVID-19 coronavirus…

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