In their latest commentary, the Cetera Investment Management Team discusses today’s stock market sell-off and drop in bond yields due to rising Delta variant concerns. While the variant is a concern, they feel it is a low risk to the economy and markets. Instead, they feel the bigger risks are what they've been saying all year – peak economic growth, rising inflation and a slowdown in the Chinese economy. All this creates more uncertainty for investors with both bond and stock markets already possibly priced for perfection.
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