Mid October Setback

The September rebound has materialized and it is strong. It may linger on into early October, yet we would still expect some retracement from early October to late October. We would consider it a last opportunity to enter before reflation and risk assets start to re-accelerate up from November to year-end at least, Jean-Francois Owczarczak, Director, Management Joint Trust and FinGraphs.com.

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