Banks remain the center of market trends

September review & market outlook

October 4, 2016

With the end of the summer, a seasonal volatility pickup in September arrived as was expected. Central banks remain the center of market trends with an accommodative policy. The new 52 week high for the S&P 500 in mid-July was confirmation for Scotia Wealth Management’s Portfolio Advisory Group that the ‘09 bull market was still alive. You may be interested to know that historical studies have shown that the “first 52 week high in 12 months” has a near perfect track record for delivering positive twelve month performance.

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