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🩸Red Monday: Dow Headed for Hardest Drop of 2021 🩸 Th#Dow #Dow dropped 777 points, or 2.3%, exceeding a 2% decline seen in late January. 😳📉 The S&P 500 fell 1.5% with energy and industrial sectors as the worst performers.🔨🔋 What is causing this sudden drop?🧐 Well many retail and institutional investors are worried about the rebound in Covid-19 cases specifically from the delta variant.🦠 The U.S. is averaging nearly 30,000 new cases a day in the last seven days. This number is up from a seven-day average of around 11,000 cases a day a month ago. 🥴😷 Investors fear that this new wave of cases will slow global economic growth and potentially lead to state closures. 🚨 But there are still some who are bullish on the market just like Billionaire investor Bill Ackman.✅ Ackman believes that the spread of the delta variant shouldn’t be a threat to the economy reopening as it could speed the pace to herd immunity.👨‍👩‍👦 Comment 3 Emojis Below that Describe your current state of mind surrounding these market conditions… I’ll go first! 🥲💎😎
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