We are pleased to present you with our third quarter market review. During much of the third quarter global equity markets pushed higher regardless of continued concerns over COVID delta variant infection rates. Toward the end of the quarter, regulatory risks from China and politics in the US eventually diminished the third quarters advances.
The Federal Reserve has indicated it might soon be time to begin tightening monetary policy. Despite higher inflation rates as of late, Chairman Powell explained inflation expectations are still at levels consistent with the central bank’s 2% inflation target.
When markets appear to be volatile in the short term, we encourage you to take a bird’s eye view and remember a properly positioned portfolio is well equipped to withstand the day-to-day and even year-to-year turbulence.
As always, please reach out with any questions.
