Kleinwort Hambros: Monthly House Views - October 2020


19-10-2020
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September was almost set up to fail.

Treading cautiously, but increasingly optimistic...

 The US markets had seen a strident August rally of over 7% in dollar-terms — the strongest monthly gain since 1984 — leaving valuations looking strained. Japan had seen a similar surge, the 4%+ rally in Europe was impressive, and even Brexit-plagued Britain managed a 2% advance. Then the tone darkened: news commentaries read, “September is never a good month in election years”, “September’s often the worst month of the year”, or even just “we need a correction to get these markets looking reasonably valued.”

Read  Kleinwort Hambros: House Views in full, including  asset allocation and further analysis here

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Please contact Sam Hartles sam.hartles@kleinworthambros.com for more information about Kleinwort Hambros and how we can help you get the best from your wealth.

 

 

Kleinwort Hambros has a wealth of experience in helping individuals, families, entrepreneurs, charities and their advisers to manage their financial assets, whether they are based in the UK or overseas.

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