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Volatility crept higher this week as global Covid cases and uncertainty on U.S. stimulus negotiations weighed on investor sentiment.

Markets were relatively unchanged over the past week with investors coming to terms with the low likelihood of an imminent U.S. stimulus package as well being focused on the spread of the coronavirus.

In the commentary below, we focus on two issues: a brief update on the coronavirus and the elevated level of uncertainty, which positively, may be on the verge of falling in the months to come.

Markets were set to finish the week higher until the revelation that U.S. President Donald Trump, and the First Lady Melania Trump, had tested positive for the coronavirus. This development adds yet another source of near-term uncertainty.

Our global advisory team put together an interesting slide deck highlighting the potential impacts of the upcoming US election.