iA Private Wealth Monthly Market Snapshot, September 2021
Stocks around the world continued to rally in August, as momentum from the global reopening grew stronger. Despite the delta variant spreading in various regions and daily cases picking up, investor enthusiasm did not waver with major equity indexes continuing to hit new all-time highs during the month. Stocks were given an extra boost in the month’s final days as Federal Reserve Chair Jerome Powell made dovish comments at the Jackson Hole symposium, stressing a commitment to support the economy for as long as it is needed.