Global equity markets have risen consistently all summer long, with U.S. equities continuing to shine as the bright star amongst peers. The S&P 500’s 7% monthly gain (with gains achieved on all but five days in August) speaks to the optimism of investors enthusiastically anticipating a V-shaped recovery. U.S. consumer stocks continued to benefit from ‘better than feared’ consumer spending, while technology-related stocks stayed on their COVID-fuelled upward trajectory. Apple’s whopping 8.2% gain in one
week garnered further notoriety for becoming…
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