On the last trading day of the week though investors shrugged of these concerns and Wall Street’s stocks rebounded back to record highs.
September 22, 2021
It’s been an interesting week in the market. After a fairly steady beginning, we saw a real dip on Thursday amid fears of an economic slowdown in China, worries linked to the speed of the Delta variant, and talk from the FED of tapering; the latter of which will certainly cause concern soon, but as with all trading, timing is the key.
On the last trading day of the week though investors shrugged of these concerns and Wall Street’s stocks rebounded back to record highs. This pattern was repeated in Europe where the continent-wide Stoxx 600 index closed up 1.3 per cent, after having slid 1.7 per cent the day before.
A few of the traders on platform were short this week hoping to see Thursday’s drop follow through into Friday, but unfortunately for them, the might of the US Retail investor stepped in and hit an all time buying recorded with more than $2bn net flows into US equities.
Overall on the week though both Asian and European stocks were all trading pretty flat. A few of the traders on platform managed to buy the dip again: European Index and Cambridge Futures both posted solid gains of around 2% but managing just slightly more was the Equity Basket: buy sell.
Somehow this team have been up every month in 2021, and are now in profit by 37.4% on the year. Keep it up.
Have a great weekend and to all the English and Italian investors out there, enjoy the football.
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