Since I began writing my column for Puck, I’ve been inundated with feedback about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.

Anthony Fauci recently warned that a strain of Covid worse than Delta is coming our way later this year. How is Wall Street pricing the recent waves of negative Covid news?

If Wall Street is pricing in any negative Covid news, I am not seeing it. Both the bond market and the stock market are at, or near, their all-time highs. There seems to be very little investor fear at the moment. Markets are nearly euphoric and priced for perfection. I don’t see any indication that the markets are worried about the Delta surge, or Lamda, or “Delta Plus” (yes, apparently that is a real thing).