Traders Voice Fresh Covid Worry: ‘The Broad Public Is Waking Up’
- Market is discounting a ‘meaningful slowdown’ in growth: Knapp
- Reflation trade loses steam, while stay-at-home plays hold up
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Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
On Monday, many got a jarring reminder that the coronavirus pandemic hasn’t gone away, with anxious investors worried the resurgences could erode economic growth and reverse a rally in equities that had reached record highs as recently as last week.