Increasing Concerns Rattle Financial Markets

U.S. equities posted their worst loss in over a month on the combination of rising virus cases, lack of progress on a stimulus plan, and growing election uncertainty. The latest commentary from Cetera Investment Management discusses this topic in more detail. They are not surprised as noted many times that increasing market volatility will likely be a hallmark of this economic recovery. They do not anticipate this is the beginning of a bear market, but instead it is the market finally reassessing the wall of worry that has existed for some time. With valuations pricing in near perfection, market volatility will likely be elevated for some time. 

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