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At Times Like These - Inclement Weather

The weather in Jersey has been particularly blustery and unpleasant of late; much like the markets which find themselves in the midst of a summer funk. Seemingly gone are the days when bad news was good (meaning more supportive central bank policies) and good news was good; now bad news is just that (principally China driven) and good news is bad, given it will likely translate into interest rate rises in the US. Consequently, with thin summer liquidity exacerbating moves, August is proving to be a very volatile month; sentiment is extremely negative and cross currents abound.

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