{"id":45131,"date":"2021-08-16T05:00:00","date_gmt":"2021-08-16T10:00:00","guid":{"rendered":"https:\/\/www.tradestation.io\/insights\/?p=45131"},"modified":"2021-08-16T07:13:25","modified_gmt":"2021-08-16T12:13:25","slug":"stocks-new-records-delta-variant","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2021\/08\/16\/stocks-new-records-delta-variant\/","title":{"rendered":"Stocks Inch to New Records But New Coronavirus Fears Threaten the Recovery"},"content":{"rendered":"\n
Stocks inched to new highs last week, but a resurgence of coronavirus threatens to overshadow all kinds of good news.<\/p>\n\n\n\n
“Consumers reported a stunning loss of confidence in the first half of August” because of the delta variant, consumer sentiment economist Richard Curtin said on Friday. He cited worries across “all aspects of the economy,” noting that the University of Michigan’s monthly survey had one of the sharpest drops ever. Its preliminary August reading of 70.2 was the worst since 2011 — a full percentage point below March 2020.<\/p>\n\n\n\n