The CNN Business Fear & Greed Index, which measures seven indicators of sentiment, has plunged back into Fear territory in the past few days and is not far from Extreme Fear levels.
“The variant is a bigger culprit for the sell-off than Powell,” said James Ragan, director of wealth management research at D.A.
What’s more, December is often one of the best months of the year for stocks.
“The path of the virus still matters.
“The hope is we don’t go back to the shutdowns of March 2020.