Investors are terrified ... of missing out on the market rally
CNN
The Delta variant. Inflation. The Fed tapering its stimulus. The mess in Afghanistan. There are a lot of things for investors to be nervous about these days.
It shouldn't come as a huge surprise that the CNN Business Fear & Greed Index, which measures seven gauges of investor sentiment, is showing signs of Fear in the market. It actually was an Extreme Fear territory Friday. Still, stocks remain near all-time highs. The S&P 500 was rallying for the third-straight day Monday and is now up nearly 20% in 2021. What gives?President Joe Biden is expected to announce an executive order as early as Tuesday that would effectively shut down the US-Mexico border to asylum-seekers crossing illegally when a daily threshold of crossings is exceeded – a sweeping and controversial proposal that is likely to receive fierce pushback from progressives and immigration advocates.
In the days and weeks leading up Hunter Biden’s trial on felony gun charges, President Joe Biden made little attempt to distance himself from his son. Instead, Hunter Biden was seen at the White House and in Delaware at his father’s side amid what the president’s allies acknowledge is a difficult moment for both men.