Weekly Market Commentary

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Once again, the end of summer is coinciding with an increase in market volatility.

We have a combination of issues causing concern as summer ends this week:

  • China concerns over a debt default from one of its largest real estate companies.
  • Slower than expected economic data.
  • Another fight over raising the debt ceiling.
  • The potential for tax hikes
  • COVID
  • Fed tapering

Last week was an ugly week and the start to this week is off to an even worse start due to the concerns mentioned above. We will of course be monitoring the above and will let you know our thoughts as we navigate this volatile environment.

Thanks, and enjoy your week,

Dennis P. Barba, Jr.
President & Managing Partner

Wells Fargo Advisors Financial Network did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author and are not necessarily those of Wells Fargo Advisors Financial Network or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request. 

CAR-0921-02496

 
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