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As I’ve mentioned in my past commentaries, I believe there will be constant back and forth between up days and down days in the market as long as COVID is still a concern. The S&P finished down 0.37% last week, with the Delta variant and the China crackdown being the big stories.
Chinese stocks plummeted as China clamped down on an array of industries. Stocks in Asia did recover as Beijing made comments to calm down investor anxiety. While this is something I plan to keep an eye on, I don’t believe it will negatively impact the U.S. markets or our holdings.
