STI slightly shaken amidst turbulence in the global markets
Besides battling the delta variant, we are starting to see some of the aftermaths of the impacts caused by the pandemic. Some businesses that are heavily leveraged are starting to struggle to pay off their interests. Likewise, much of the optimism led by the vaccine and reopening of economies is also dampened by the delta variant which seems to be way more transmissible. In the near time, I would expect markets to start pricing in the risk if the delta variant goes out of hand either in the major economies or domestically. However, if there are new announcements about a better vaccine or medicine to treat the sickness, then we will likely see a spike upwards again. Until then, it is best to lay low and stay vigilant when markets overreact. As I would think that those situations will present the best opportunities to buy or sell.