Memorandum

The S&P 500 ended the month up 7.0%, which is the best August since the index’s 7.1% increase 34 years ago. The Dow Jones 30 gained 7.6% in the month which was the biggest August gain since 1984. The bumper month caps a strong recovery since 23 March that has added 56% to the value of the S&P 500… ................
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