August Turbulence Continues to Start September

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September started off with the same kind of turbulence that characterized August. Early in the week China’s PMI fell to a three-year low, triggering a global selloff. Chinese markets closed midweek for a national holiday, which gave investors a breather and led to a brief recovery. The anxiously awaited August payroll report on Friday did not come through as hoped, however, and markets continued their slide.

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