**Disclaimer: This is purely for sharing information and educational purposes only.
This post is not intended in instructing/informing any personal to do buy / sell.
Please trade at your own risk or ask for advice from a qualified person.**
CNN Fear Greed Index hits 2021 fresh lows.
US stocks fells aggressively mainly on concern of a rebound in the covid cases with the surge of Delta Variant.
Even in the Israel is getting more concern on the Delta Variant cases.
Last >2% decline was seen in the late January.
Based on the current standings, the worst performer is energy and industrial sectors,
Btw, please take a look what stocks are holding up against the market drop. Thats where winners are found. Relative Strength.
Meanwhile, WTI Crude Oil slashed 6.95% last closed at $66.47. This came after a deal between Saudi and UAE in regards of hiking crude oil supply.
Work from home stocks on the other hand are quite resilient
By the way,
Have a nice Hari Raya Haji and a pleasant public holiday
Tobby
Israel new infections cases are low because 100% are vaccinated! As for US and UK, infections are rampant among those who are not vaccinated! Once fully vaccinated, we should not be worry as cases classify as category 4 and 5 are minimum and do not burden the healtcare system! The most important is keeping infected away from hospitals! And that is proof of success of vaccine!
2021-07-20 15:14