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September 2020 - Bongiorno Financial Update

What's in this issue?

  • Shares have had a strong run up from their March lows with US shares now at a record high.

  • While shares are vulnerable through the seasonally weak months ahead in the run up to the US election, the positives – including good progress in developing vaccines, the downtrend in the US dollar, signs of recovery and low interest rates – are likely to see shares push higher on a six to 12 month view.

  • This is likely to see US shares start to underperform.

Kind regards,

ANTOINETTE BONGIORNO
LL.B. B.Com. CFP DipFP A.S.A. Cert IV. FMB.

Level 2
431 St Kilda Road
Melbourne VIC 3004
ph) 03 9863 3316
fax) 03 9820 2518

Australian Financial Services Licence No 238977

Antoinette Bongiorno