Not much less eventful than the prior two, the third quarter saw global stocks rise on a mix of generally slow, often halting and occasionally reversing trends as the world further emerged from comprehensive COVID lockdowns. Equities gained a further boost here in the States as hopes rose for another round of government stimulus. With the pandemic a still-bleak backdrop, the U.S. presidential election will be the stronger focus through early November. While we’ll seek to retain an upbeat stance on the potential for an orderly ballot, we expect nonetheless for markets to rumble as pockets of perspectives gain or lose confidence in their desired outcome. But as we regularly repeat, we’ve been here before and we’ll be here again. There’s little special about this election, or these potential electees, when placed in the context of history, a history that shows that we’ve always eventually emerged stronger on the other side of the poll.