Markets fell on Tuesday.
The S&P 500 fell 0.5 percent, snapping a five-day winning streak. The STOXX Europe 600 also fell 0.5 percent.
“Market volatility is on the rise, as worries about new virus strains have been exacerbated by stretched positioning and light summer trading,” Jean Boivin, head of BlackRock Investment Institute, said in a note.
Indeed, the Delta variant of the COVID-19 virus has forced the Centers for Disease Control and Prevention to acknolwedge what had already been known elsewhere: that vaccination alone is not enough to halt the spread of the disease.
“In recent days I have seen new scientific data from recent outbreak investigations showing that the Delta variant behaves uniquely differently from past strains of the virus that cause Covid-19,” said CDC Director Dr Rochelle Walensky on Tuesday.
“In areas with substantial and high transmission, CDC recommends fully vaccinated people wear masks in public, indoor settings, to help prevent the spread of the Delta variant and protect others -- this includes schools.”
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