Phhhhew, we got through the summer. So often, certainly in recent years, August has been a wicked month when it comes to financial markets. Back in August 2010, the Dow Jones index of leading American stocks lost a hefty 4.5pc. In 2011, the August sell-off was bigger, as US equities fell 5.1pc.
Last summer, of course, throughout August sovereign bond yields spiraled across the Eurozone periphery. Numerous well-manicured nails were bitten to the quick as investors fretted about one or more nations crashing out of the single currency.
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