Financial assets grudgingly moved higher during the third quarter. Equities, as measured by most indices, increased 1%-2%, except for small capitalization stocks which posted negative returns. The widely followed S&P 500 index produced a 1.7% total return, which was below each of the prior two quarters, resulting in a return of just over 20% for the nine months.
Chinese trade war intensifies
Stock volatility increases
Interest rates continue to go lower
Stock indices climbed in July to reach new record levels, driven by indications that the Federal Reserve was on track for an imminent rate cute. Read our recap of July. Highlights include:
Stocks and bonds rose in June as lower rates drove equities higher and international diplomatic tensions elevated bond price. Read our recap for the month of June. Highlights include: