22 July 21 - Earnings Outweigh Covid Concerns | Genesis Energy Global markets were mostly higher overnight, (S&P 500 index +0.8%) continuing the rebound from Monday’s sell-off. Investors seem to be growing in terms of risk appetite as a wave of strong corporate earnings supported equity markets, outweighing earlier concerns around the recent spike in delta variant covid cases. Most sectors were higher, with stocks which were hardest hit on Monday and being the one to benefit from reopening the most and leading returns such as as airlines and travel related stocks. Energy stocks also benefited from a rally in oil prices jumping back up to $70/barrel. Better than expected results and upbeats guidance from Coca-Cola (+1.3%), Verizon (1.3%) and  Johnson and Johnson (+0.4%) saw them all trade higher – boosting investor sentiment across the market. Chipotle rose +11.5% after the reporting quarterly revenue surpassin...