Market news today – 29 November 2021 – Fidelity International

What’s different about this new strain is the large number of mutations, particularly to the spike proteins that allow viruses to latch onto our cells.

Wall Street was off more than 2%, although Black Friday was a curtailed trading day and most decision makers were on holiday so the real impact will only unfold today.

Commodities were caught in the crossfire too.

But who knows? The markets are certainly looking oversold – just 21% of leading US companies are above their 20-day moving average.

Also, if the market tumbles, the Fed will likely follow its 2016 and 2018 playbooks and hold back on tapering.

The stock market may have soared in the past 18 months, but new issues have not joined in the party.

Interest rates may have been cut three months on the trot, but they still stand at 15% while inflation is heading towards 20%.

If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

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