Are Markets Being Repriced Due to the Delta Variant?

The transcript discusses the potential economic impact of the Delta variant, particularly on the hospitality industry, and how it might affect global markets. It highlights the rapid adjustment of financial markets to new information and the optimism surrounding economic recovery. Despite concerns about inflation, credible measures show stable expectations, suggesting no immediate underlying inflation pressures.

In what ways have financial markets adjusted to new information over the past year?

What does the speaker suggest about inflation expectations and their impact on the markets?