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Global Markets & Economic Health Check for September

Global Market Update: Nothing seems to stop the everything rally. Once again, the reflation trade boomed in the big federal reserve meeting week. On Friday, the story was one of cautious optimism for global trade, as both Washington and Beijing struck a more constructive tone. President trump described the call with Xi Jinping as “positive and constructive.” He added that progress had been made on “several important issues." That shift in rhetoric provided a relief bid across risk assets, even as broader market themes remained volatile.