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Deutsche Bank WM flags the major risks facing the US market

The approaching debt limit, “negative seasonality” and tightening policies are the major risks facing the US equity market, which has otherwise benefited from better-than-expected second-quarter earnings releases, according to Deutsche Bank Wealth Management. “As regards seasonality, over the past 20 years, the S&P 500 has seen its worst two months of returns in August and September; defensive sectors (e.g. utilities and…

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