Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg

[NewsFeeder]

Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests

David Rosenberg of Rosenberg Research suggests investors should brace for a sputtering economy and calls the stock market a "casino."

More @ CNBC...

 

[James48843]

Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests

David Rosenberg of Rosenberg Research suggests investors should brace for a sputtering economy and calls the stock market a "casino."

More @ CNBC...

I don’t believe that for a second. I think the Delta wave is being factored in right now, and, while it certainly isn’t going to help stocks, I don’t think it will crush stocks either. It’s just another little blip along the way for folks to factor into their thinking.

The end of the foreclosure forbearance is going to have a larger pact on stocks, in my opinion, than the new round of Covid activity. Maybe this one will encourage more people to vaccinate. I know that FDA approval, coming in either August or September, IS going to bolster vaccination numbers, once it happens. That will be a plus, for sure.


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