Quarterly Review – Third Quarter 2018

Here’s a party we can all agree on… U.S. equity markets had a fantastic quarter, with the S&P 500 rising 7.7%, nearly tripling the return of the index’s first-half return of 2.6%! Driven by year-over-year quarterly earnings growth between 20%-25%, the market embraced equities and pushed the index to historical highs. Developed non-U.S. equities were modestly positive for the quarter while emerging markets were modestly negative for the same period. U.S. bond market performance remains subdued, primarily due to the current rising interest rate cycle.

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2018-10-23T20:49:49+00:00

About the Author:

Robert Davis is a Partner and the Chief Investment Officer of Round Table Wealth Management.