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Delta Variant Signals the Pandemic’s Continued Grip


Business people discussing during a meeting
Business people discussing during a meeting

The highly transmissible delta variant grabbed headlines during the third quarter. Figure 1 shows the number of daily new confirmed Covid-19 cases spiked starting in July as the delta variant spread. Covid case counts remained elevated during August before the growth rate of new cases slowed and trended back lower during September. The U.S.’s fourth Covid wave occurred as the pace of vaccinations slowed and the percentage of fully vaccinated individuals fell below foreign countries.

The official response to the fourth Covid wave differed considerably from prior Covid waves. Instead of returning to the strict lockdowns used early in the pandemic, public officials emphasized vaccinations and masking. While the change in approach blunted the delta variant’s economic impact, the economic recovery still encountered separate labor market and supply chain headwinds during the third quarter. Those headwinds caused both Wall Street economists and the Federal Reserve to lower their GDP growth estimates for the remainder of 2021.


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QuarterlyLetter-4Q21
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This material prepared by TrinityPoint Wealth is for informational purposes only. Additional data provided by MarketDesk Research. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Opinions expressed by TrinityPoint Wealth are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. TrinityPoint Wealth, however, cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source.

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