(1-minute read) Uncertainty about COVID-19's delta variant in the U.S. and elsewhere led to a wave of selling when the markets opened on Monday.

July 21, 2021 Wall Street Panicked Over This Chart By Jay Goldberg, Assistant Managing Editor Dear Smart Investor, On June 14, the Centers for Disease Control and Prevention (CDC) reported only 8,010 new COVID-19 cases in the U.S. It was the lowest number of new cases since March 19, 2020 — back when the pandemic was just getting started. The S&P 500 Index made an all-time high on June 14 as investors grew more optimistic about the economic recovery. But then, the highly contagious delta variant of COVID-19 began to spread faster. The number of new cases soared to nearly 40,000 a day by July 16. That’s a 400% increase in a little more than a month. (Source: the CDC.) Uncertainty about the delta variant in the U.S. and elsewhere led to a wave of selling when the markets opened on Monday. The S&P 500 dropped 1.6% in its worst day since May 12. The stock market rebounded over the next several days as some of the initial pessimism subsided. But keep in mind that more than half of the U.S. population still isn’t fully vaccinated, according to the CDC. So, it’s impossible to tell just how widespread the latest COVID-19 outbreak will be in the months ahead. (Are you worried about COVID-19's delta variant? You can let us know at SmartProfits@BanyanHill.com.) The Smart Profits Daily team is watching the effects of the delta variant, and we’ll keep you updated if our outlook changes. In the meantime, you can check out Ian King’s recent article on how to invest when people start to panic. And to learn more about the delta variant, you can visit the CDC’s website. Regards, Jay Goldberg Assistant Managing Editor, Banyan Hill Publishing From our friends at Crowdability. Overheard at Apple's Secret Meeting… A thousand people attended… NO CAMERAS were allowed! One invitee said every iPhone was wrapped with “tamper-proof stickers” to prevent photographs. At the event, Apple unveiled a device that “could eventually replace mobile phones.” Apple codenamed the device “N421”… But I call it “iPhone Killer.” To see how you could potentially profit from iPhone Killer… Early investors: click here now » Would You Eat 3D-Printed Meat? America's Tech Boom Gets a $50 Billion Boost From the White House You Can Profit From Investors' Latest Panic Bigger Than Artificial Intelligence, 5G and Cybersecurity … COMBINED!     Privacy Policy Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Smart Profits Daily emails, click here. To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2021 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)