We think today's divergence is the result of investor anxiety about normal
seasonal weakness in a year that has yet to see more than a three percent correction.
«We saw solid performance across the franchise that helped counter
typical seasonal weakness,» CEO Lloyd Blankfein said in a statement.
Despite the potential
for seasonal weakness in September, the MSCI All Country World Index ended the month of September with a gain of 1.93 %, achieving an all - time high on September 20th.
There are a number of factors behind
this seasonal weakness, including harsh winter weather, idiosyncrasies in the corporate capital expenditures cycle and the timing of monetary policy changes since the crisis.
However, monthly data reveal slowing increases and
seasonal weakness.
However, monthly data reveal slowing increases and
seasonal weakness.
Not even
the seasonal weakness normally observed during the fourth quarter had much, if any, impact on market dynamic...