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John Authers

Delta Hedging Is Working Its Way Into Investors' Heads

The perceived threat of the Covid variant is affecting U.K. bonds, global stocks and the dollar, even if U.S. corporate executives remain sanguine.

How much should we worry?

How much should we worry?

Photographer: JOHANNES EISELE/AFP/Getty Images

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Has the delta variant worked its way into our heads, and into financial spreadsheets? It does look as though it might have done.