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…
Deutsche Bank WM flags the major risks facing the US market
