--- title: A Roller Coaster Week! description: While we in the UAE had our long EID break last week, the Global markets were on a roller coaster ride! Subscribe to this blog to receive weekly updates image: https://www.financialplanningindubai.com/hubfs/Roller%20Coaster%202.jpg --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # A Roller Coaster Week! ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 26 Jul 2021, 15:17:45 ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) While we in the UAE had our long EID break last week, the Global markets were on a roller coaster ride! The DOW started the week with a 700 point drop bringing back the doomsday predictions, only to banish them the next day. On Monday, the markets sold off over fears of the *"Delta variant."  *and the dip buyers emerged to pull the markets up. Also, the Q2 earnings dimmed the fears of spikes in the Delta variant. Last week about 25% of S&P 500 companies have reported Q2 earnings, with 76% of them beating expectations on more than one factor. The Dow, S&P500, and the Nasdaq recovered swiftly and hit record highs last week. While Monday's drop does not count as a correction, it is undoubtedly a sign of the markets becoming more complicated and narrow in the short term. ![Screen Shot 2021-07-26 at 3.16.10 PM](https://www.financialplanningindubai.com/hs-fs/hubfs/Screen%20Shot%202021-07-26%20at%203.16.10%20PM.png?width=800&name=Screen%20Shot%202021-07-26%20at%203.16.10%20PM.png) The following are factors that can contribute the market volatility over the next few months; 1. The persistent spread of existing and potential variants of the virus may warrant more lockdowns. 2. Taper tantrum in response to the hawkish Fed policy 3. Fears of a potential slowdown of GDP growth after 2021 and rising inflation. Experts believe that the global GDP growth will grow by 6.00% in 2021 and by 4.4% in 2022 4. Concentrated growth among a few mega-cap tech names (i.e., Microsoft, Google, Amazon, Facebook) lifting the indices(S&p 500, DOW and Nasdaq) As it is clear that there will be intermittent market volatility over the next few months, it is crucial to focus on the foundation of this market which continues to be robust in expert opinion. 1. Despite the hawkish tone, the Fed is still accommodative and committed to supporting the markets and the economy. 2. The US and few other economies are poised for above-average growth through next year. 3. Corporate earnings are continuing to grow at a healthy pace, and they are likely to support the high valuations this year and the next. Subscribe to the blog for regular weekly market updates and interesting articles in personal finance, investments and insurance. Feel free to share your views on the above article in the comments below. You can arrange a Free Consultation with me to discuss Financial Planning, Investment/Insurance Advice. [![Click Here to Schedule an Online Meeting](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2672634/12833bcc-f16c-47a9-bfe1-27bf0de929c2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2672634/12833bcc-f16c-47a9-bfe1-27bf0de929c2) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20A%20Roller%20Coaster%20Week!%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/a-roller-coaster-week](mailto:?subject=Check%20out%20A%20Roller%20Coaster%20Week!%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/a-roller-coaster-week) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? The Shifting Case for China Investing](https://www.financialplanningindubai.com/blog/from-risk-to-reward-the-shifting-case-for-china-investing?hsLang=en-gb) ## Further Reading [![A False Alarm...](https://www.financialplanningindubai.com/hs-fs/hubfs/The%20False%20Alarm...-2.png?width=300&name=The%20False%20Alarm...-2.png)](https://www.financialplanningindubai.com/blog/a-false-alarm?hsLang=en-gb) ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) ##### [A False Alarm...](https://www.financialplanningindubai.com/blog/a-false-alarm?hsLang=en-gb) It was like unwelcome rain on a desert safari on Monday last week when the markets were down... [Read More](https://www.financialplanningindubai.com/blog/a-false-alarm?hsLang=en-gb) [![Weekly Market Update - 15-08-2023](https://www.financialplanningindubai.com/hs-fs/hubfs/WEEKLY%20MARKET%20UPDATE%20-%2014th%20August%202023%20(350%20%C3%97%20250%20px)-2-2.png?width=300&name=WEEKLY%20MARKET%20UPDATE%20-%2014th%20August%202023%20(350%20%C3%97%20250%20px)-2-2.png)](https://www.financialplanningindubai.com/blog/weekly-market-update-15-08-2023?hsLang=en-gb) ##### [Weekly Market Update - 15-08-2023](https://www.financialplanningindubai.com/blog/weekly-market-update-15-08-2023?hsLang=en-gb) After a dismal 2022, global equity markets witnessed a spectacular rally in the first half of the... [Read More](https://www.financialplanningindubai.com/blog/weekly-market-update-15-08-2023?hsLang=en-gb) ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) ##### [Earnings continue to grow and support valuations](https://www.financialplanningindubai.com/blog/earnings-continue-to-grow-and-support-valuations?hsLang=en-gb) Last week was quite busy with a lot happening in and around the markets. They moved up and down,... 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