Markets shrug off Delta cases to move higher

Stocks fell sharply on Monday last week as concerns over the COVID-19 Delta variant rose to the surface. U.S. bond yields moved sharply lower as a clear ‘risk-off’ attitude permeated through markets. There did not appear to be an explicit trigger for the moves lower, although trading volumes were light, and stocks subsequently rallied strongly to finish to week well in positive territory. Growth stocks led the recovery as the FAANG+ stocks
outperformed.

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