deltavariant
According to a Reuters survey of economists, the Delta variant is believed to be the main cause behind the deceleration of the U.S. economy in the third quarter. Ahead of Thursday’s advance gross domestic product report by the Commerce Department, GDP likely grew by 2.7%, the slowest pace in more than a year. Q3 2021 hedge fund letters, conferences and more Delta Variant ImpactAs reported by Fox Business, the cascading effect of covid infections, supply chain constraints, goods shortages, and high prices have played a role in the economy’s growth predictions. The Commerce Department report is ...
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The National Association for Business Economics (NABE) released a survey that predicts the economic recovery in the U.S. to hit 5.6% in 2021, a whole percentage point lower than the previous estimate. The deceleration is driven by fears of a vaccine-resistant COVID-19 variant. Q2 2021 hedge fund letters, conferences and more Economic Recovery Slows DownAs reported by Fox Business David Altig, president-elect of the NABE and the director of research at the Federal Reserve Bank of Atlanta, said: “NABE Outlook survey panelists have moderated their expectations about the prospects for economic gro...
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The recovery of the U.S. economy has been threatened by the Covid surge led by the Delta variant. However, experts agree that the country seems to be “turning the tide” against it, and a rebound is happening slowly. Q2 2021 hedge fund letters, conferences and more Delta Variant RateCNBC reports that cases are still increasing –with a rate of 150,000 a day– albeit at a slower pace, “giving rise to hope that business and consumer activity can keep the economy on track toward pre-pandemic levels.” Chris Meekins, health policy research analyst at Raymond James, said in a note: “The percent increas...
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It’s OK to like NVAX stock, but still demonstrate patience Q2 2021 hedge fund letters, conferences and more Novavax (NASDAQ:NVAX) stock is on a bullish run after the company’s most recent earnings report. After gapping down 19% after issuing its second-quarter report, NVAX stock has been on a tear; climbing 35%. The catalyst is the Delta variant of the novel coronavirus that is bringing the issue of global vaccine access to the forefront. The bullish case for Novavax illustrates the idea that it will take a village to get as many humans vaccinated throughout the world. At the beginning of the ...
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Below is a commentary from Craig Turner, senior commodities broker with StoneX Financial Inc., Daniels Trading Division. Turner discusses the impact of fed’s tapering talk and the fear of the spread of the Delta variant on the stock market. Q2 2021 hedge fund letters, conferences and more Federal Reserve TaperingThe latest Fed meeting minutes show most voting members agreeing they need to start tapering sooner rather than later. That means less monetary support for the markets and that is causing a "risk off" mentality in energy and copper this morning. Ags are lower, but we are also in a seas...
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Congress approved the first round of stimulus checks in March last year following the surge in coronavirus cases. Now, more than a year later, the cases are surging again due to the COVID-19 delta variant, but this time, Congress may not approve any new coronavirus stimulus checks. Q2 2021 hedge fund letters, conferences and more COVID Delta Cases On The RiseThe number of cases in the U.S. is on the rise again, with five states touching a new high with their seven-day average number of daily cases. Florida, Louisiana, Hawaii, Oregon and Mississippi hit a new high with their seven-day average o...
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UK GDP rose by 4.8% year on year in Q2, according to figures released today by the Office of National Statistics. The pattern of growth was erratic, with a 2.2% burst of growth in April slowing sharply to just 0.6% in May before accelerating once more to +1.0% in June. Fears that the arrival of the Delta variant and the “Pingdemic” that followed might impact growth have so far not really materialised. Overall, the figures were in line or slightly ahead of most forecasters’ expectations, but not quite matching the Bank of England’s 5.0% forecast made last week. Q2 2021 hedge fund letters, confe...
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Eurizon Asset Management investment view for the month ended July 2021, discussing the four factors that are acting as headwinds. Q2 2021 hedge fund letters, conferences and more ScenarioLong-term yields in the US and Germany dropped significantly from the highs hit a few months ago, raising questions among investors on the solidity of the economic recovery. There are at least four factors that are acting as headwinds: the reacceleration of Covid infections, the reduction of purchasing power caused by inflation, the tightening of financial conditions in China, and the prospect of a less accomm...
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In hisDaily Market Notes report to investors, while commenting on the rise in unemployment claims, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Crude Oil Prices PlungeInterestingly, the plunge in crude oil prices may be somewhat related to the fear of a global economic slowdown as the Covid-19 Delta variant spreads, but United Arab Emirates’ (UAE) recent push to boost its output is expected to be followed by other OPEC members, since they are notorious for cheating on their quotas. I should add that seasonal pressures typically weigh on crude oil prices, since, comme...
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In hisDaily Market Notes report to investors, while commenting on the surging inflation, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Surging InflationThe late summertime tends to breed uncertainty, so I want to cover what makes many investors apprehensive. Surging inflation, the Covid-19 Delta variant, plunging Treasury bond yields and the global supply chain bottlenecks are impacting investor sentiment, so I thought that I would discuss all these investment themes. The global supply chain bottleneck is expected to persist through the third quarter, but the fact tha...
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