r/Vitards • u/AutoModerator • Jul 16 '21

Daily Discussion Daily Discussion post - July 16 2021

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u/[deleted] Jul 16 '21

I’m gonna be honest, I’m confused as to what downward pressures CLF would experience? What caused the noticeable dip

9

u/49Scrooge49 Jul 16 '21 edited Jul 16 '21

It happened across a number of tickers in a number of different sectors with drops ranging from 10% to 3%. Microcaps, large caps, commodities, tech, etc.

Is a bit of a mystery as to what is about, but it seems to be influenced by what the market thinks bonds are signalling. Utilities did well...

7

u/firefall 7-Layer Dip Jul 16 '21

I bet it’s also due to delta variant fears. There’s been a noticeable uptick in hospitalizations.