Summer Selloff Fears Are a Nagging Concern for Investors
There’s a long history of market meltdowns in the third quarter
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For all the optimism on Wall Street these days — Goldman Sachs and Bank of America just raised their targets for the S&P 500 Index, which is already setting records — investors are still trying to peek around the next corner for what might go wrong.
Take Henry Allen, a macro strategist at Deutsche Bank. He asks in a new report to clients whether a fresh bout of turmoil may be upon us, given that the third quarter typically sees the biggest spike in volatility and liquidity is thin.