Well, all good things must come to an end, and it looks like our most recent market decline may have just proven that cliché statement as fact…
Many investors were recently riding high as markets continued down a path of what looked like unstoppable growth. For anyone who’s been playing the markets for a considerable amount of time can tell you, though, there’s no such thing as “unstoppable growth” in this industry… Any doubts about the factuality of that statement were laid to rest Thursday morning as growing markets began to take a turn for the worse.
The Market Decline…
Today, markets continue to fall as the 10 Year Yield hits its lowest mark since February, currently sitting at 1.25%…
The DOW is currently down 1.11% Thursday morning. And after closing at all-time highs on Wednesday, as of Thursday morning, the S&P and NASDAQ had reportedly fallen 1.26% and 1.57%, respectively.
Covid Mutations
Many are looking to early reports of the spreading of Covid-19 variants as the cause for this most recent market decline.
Many investors believe – and rightfully so – that any further covid concerns would halt any economic growth that we may currently be seeing and, therefore, have a negative impact on the markets in their entirety.
The most recent corona mutation added to the World Health Organization’s list is being referred to as the Lambda variant. This particular variant has now spread to more than two dozen countries across the globe, although currently has a strong concentration in the South American region.
This comes shortly after the spreading of the Delta variant, which was first detected in India, to the U.S., becoming the most dominant covid variant currently being faced in the United States, according to the CDC.
In the travel sector, many companies such as Delta and Royal Caribbean — which just recently announced their upcoming 2021-2022 travel plans — are naturally looking at this most recent news with concern as any further spreading of the virus, despite the variant, would inevitably slow travel demand once again, just as the industry was starting to get back on its feet.
Learn More Here…
Despite any fluctuations in the markets we might see over the course of the days, weeks and/or months ahead, be assured that the team here at DTI will always be here for you! Ready to give you the best market advice we know how to make sure your investments are as safe as possible, despite the current market’s health.
With that in mind, if you’re interested in learning what steps you should be taking to combat these most recent investment concerns, we invite you to join DTI’s founder and 40-year market expert Tom Busby below for his most recent market update!
P.S. – Don’t forget to check out Tom Busby’s most recent Independence Day broadcast where he further fills you in on what he’s expecting from the markets during the second half of 2021!