Sharing our take on current news stories. 

Last week, global equity markets partially corrected, causing an onslaught of worrisome media pieces. We addressed this with our clients, and want to share our thoughts on this event with you, as well. 

In this month’s market update we discuss September’s global economic and market highlights, which includes an update on financial markets, the global trade situation, the developing narrative in emerging markets, and a particularly interesting 10-year anniversary of note.

Throughout September, we saw developed markets end the month on a positive note. Specifically, the Dow and S&P 500 set new highs,  the Nikkei closed at its highest level since February, and  global developed markets, including  Canada closed even higher. On the other hand, emerging markets posted a negative month due to ongoing trade and credit concerns, as did the bond market with central banks continuing to raise interest rates.