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Please Click Link Below.Private Office Asset Management Weekly Report – 28th September 2020 “With no confirmed vaccine for the virus as Autumn approaches, there is additional strain on Western government resources as they attempt to stave off a second wave. In Europe higher levels of testing and lower positivity rates suggest the infection level is not as great as in the spring. However, the rapid spread remains a concern. Prospects of a sharp economic recovery are fading and the market is demanding further stimulus. However, sell-offs, as just witnessed in the US, will be contained by the low level of interest rates and vaccine and stimulus hopes. We may find that the year’s high has 4 already been hit and volatility continues around the current ranges. Markets will continue to be weighed down by rising cases, fresh lockdowns, election uncertainty and lack of fiscal support in the US. We must remember that the market is a discounting mechanism and the volatility we are experiencing is the market pricing in these factors. With a market experiencing a correction there remains 10% or so upside to be achieved should there be any good news.”