Diamonds and Dogs

7/19/21

What correction? Peloton (PTON) rose 7% as rising cased of COVID-19 sent investors back into the stay-at-home plays. Not sure this will work long term, but it worked today.

Vacation on hold again? The Delta Covid variant has become the dominant strain in the United States, and some regions in the United States are reinstating some of the earlier lifted restrictions. Los Angeles, for instance, has reinstated the indoor mask mandate while the Southern Nevada Health District is asking people to also wear masks indoors as the cases increase across the state. Travel and leisure took a hit on this news with Boeing (BA) down 5% to a five-month low. The airlines and cruise ship stocks took a hit as well. Here we go again.

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