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The Overnight Report: Delta Dawns

The Bigger Picture To date, the local market has taken the new lockdowns with a grain of salt. It’s been choppy, but the ASX200 closed at 7358 on June 22 and 7348 last Friday. Presumably investors have put faith in recent history, which suggests state economies bounce back swiftly once the inmates are released. But yesterday was a classic Wall Street sneeze/ASX cold situation as the index opened down -100 points, or -1.4% to the S&P500’s overnight drop of -0.8%. The problem is the concentra...
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