The S&P 500 Index was down 0.80% this week. There is concern supply chain issues may continue into next year leading to tighter margins. The spread of the Delta variant also contributed to downward pressure on the market this week.
Equity markets faced selling pressure on the week as Chinese real estate issues came front and center. The third Friday of September was again weak, which set-up a gap down on Monday.
Equity markets slipped lower in the past week as early morning strength was consistently sold. Recently the Dow Jones Industry Average was down six out of seven days, but the magnitude was tame with just a 2.4% decline.
The S&P 500 and NASDAQ finished near their all-time highs after a flat week. But once again, this masks weakness under the surface. The Russell 2000 Index of small caps fell 1.6%.
To Our Readers,
Today’s edition of the Weekly Insight is a special one for BTC Capital Management. It represents the completion of 10 consecutive years of producing this publication as our first issue was produced on August 31, 2011.