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Wall Street records are masking a growing fear in markets We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Lu Wang Normal text size Advertisement Surveying the recent stretch of records for the S&P 500 index, you’d be tempted to think that when it comes to markets, everything is awesome. Inflation fears have eased, economic indicators are strengthening and the Federal Reserve remains accommodative. But look past the sunshine and lollipops, and you’ll find a growing sense of defensiveness. Investors are growing increasingly defensive on Wall Street. Credit:Bloomberg Investors are taking risk off the table as the fast-spreading Delta variant of the coronavirus causes fresh outbreaks in many parts of the world. Airline and cruise stocks are being dumped while there’s a renewed embrace of the stay-at-home trade. Businesses’ hiring woes have increased concerns over rising wages, prompting a pivot toward pricing power. Sectors seen

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