Citi Wealth Insights

There are 40 days to go until the US election and fiscal stimulus also remains in focus. Democrat and Republican lawmakers continue to talk about the need for a new stimulus bill, despite focus on the Supreme Court, but there is no sign progress is being made on coming to a bipartisan agreement.

Anticipation continues to build for US presidential debates next week. Continuing with fiscal and the supreme court, headlines from US government leaders still suggest no fiscal stimulus anytime soon.

Concerns have risen given that conflict on a new Supreme Court justice could delay fiscal stimulus in the near term. Away from Phase 4 fiscal, federal shutdown risk is rising.

Seek balanced core portfolios - Given the current gains in defensive shares, including technology, many portfolios are not balanced. Therefore, rotating portfolios into cyclical shares, small and mid-cap stocks, under-performing markets and more “value-oriented” growth assets makes sense. At the most basic level, investors need to avoid market timing

There is much focus on the US. First, are election-related considerations. Second, the scope for Phase 4 stimulus

BoE held its stance unchanged; BoJ maintained its -0.1% short-term interest rate target