• Global stock markets extended their summer-long run.
  • Bond markets checked back, with longer-term bonds hit hardest.
  • Expectations for market volatility rose with stretched stock valuations, the approach of the U.S. presidential election
    and concerns for a COVID-19 second wave.
  • Amidst a risk-on sentiment, oil prices rose sharply, while gold and the U.S. dollar weakened.

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