Investor sentiment was fickle during the third quarter, resulting in meager performance for most investable assets. Equity markets echoed the rebound in corporate earnings, reaching new highs during the first weeks of summer. At the same time, bond yields fell to levels not seen in months, suggesting bond markets anticipated slower economic growth. By September surging inflation, the threat of tighter U.S. financial conditions, heavy handed regulation in China and the continued spread of COVID-19 had rattled stock and bond investors. Stock markets suffered large drawdowns while higher interest rates weighed on bond prices.

RECENT INSIGHTS

September 26, 2022

U.S. stocks fell sharply over a renewed hawkish stance from the Fed and resurfacing growth concerns. The S&P 500 Index...

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September 19, 2022

U.S. stocks declined last week after an alarming August inflation report came in above expectations and spooked investors. The S&P...

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September 12, 2022

Last week broke the U.S. equity market’s three-week losing streak with the S&P 500 Index logging a near 4% gain....

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