BloombergRecord The S&P 500 is concealing a fear trade that is gripping the stock market. Bloomberg (Bloomberg) — When you look at the recent run of records for the S&P 500 Index, you may think that everything is great in the world of markets. Fears of inflation have subsided, economic indicators have improved, and the Federal Reserve has remained supportive. However, if you look behind the sunshine and lollipops, you’ll notice an increasing defensiveness. As the fast-spreading delta version of the coronavirus produces new outbreaks in many regions of the world, investors are avoiding risk./n
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