Stumble in Stocks Lacks Easy Explanation for Wall Street Pundits
- Investors fret over geopolitical concerns, rising Covid cases
- Decline is one part fundamental, two parts technical: Sowerby
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Up four weeks and six of the last seven, U.S. stocks are doing something they haven’t done since March: fall on consecutive days. For the first time in a long time, Wall Street pundits found themselves trying to explain a weak market.
Covid-19 cases are surging around the world. Anxiety is swirling that new lockdowns could be afoot. Tension is rising between the U.S. and Russia. Already stretched technical indicators are finally giving way.