Monthly Market Outlook – September

September 4, 2020

Equities were spared the summer doldrums, with Wall Street extending to fresh record highs through August as the uncertainties that shrouded the market in July faded somewhat. Economic data largely surprised to the high side, though downside risks to the outlook remained elevated. But commitments from the Fed and core central banks to maintain historic stimulus, hopes for more fiscal stimulus and progress on a vaccine and therapeutics fed risk appetites. Market sentiment in September promises to be subject to the usual variety of factors, most notably the progress of the pandemic, the impact on the recovery, chatter over the November election and US-China relations.

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Market Analysis Team, HotForex

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