Stocks sold off sharply Monday while Treasuries rallied. A number of financial outlets are blaming it on renewed Covid concerns. I don’t think so. Bryce Coward of Knowledge Leaders Capital has it right:
In a nutshell, consumers are spending more dollars but receiving less goods and services for them, and are beginning to put up some resistance. Although today markets have reversed much of the move, I expect these concerns to continue to have influence over the coming weeks.