Q3 2022 Market Commentary: Zoom Out
Just when it looked like stocks might be bouncing back from a dismal first half of the year, everything turned negative again. As this chart from Morningstar shows, stocks were up almost 15% at one point in the third quarter, only to finish September back in the red. Almost every category of stocks fell in the quarter, with large-cap US stocks down 5%, small-cap US stocks down 2%, international developed market stocks down 9%, and international emerging markets stocks down 10%.