2018 3rd Quarter Market Commentary - The Yield Curve
The third quarter was yet another strong one in the markets, particularly for U.S. stocks. The S&P 500 returned close to 8% on the quarter and is now up over 10% for the year. Small cap stocks didn’t fare quite as well this quarter with the Russell 2000 index finishing up 3.5%, but they are up 11.5% year to date. International stocks bounced back a little bit with a positive 1% return and are only down about 1% on the year now, as measured by the MSCI EAFE index. Emerging Markets stocks continued to trail all other stock categories with a 1% decline and they are down over 7% on the year.