top of page
a mountain range but the mountain is made of bars on a bar graph.jpg

Q3 2023

October 31st, 2023

pngtree-pdf-file-icon-png-png-image_4899509_edited.png

The Q3 2023 Market Review shows a generally negative performance across global markets. U.S. stocks declined by 3.25%, while international developed and emerging markets also experienced losses. Growth stocks outperformed value stocks within large caps, though value stocks outperformed in small caps. Real estate investment trusts (REITs) in the U.S. and globally posted significant declines, and fixed-income markets saw rising interest rates across the board, particularly in long-term U.S. Treasury bonds. Commodities performed well overall, with a 4.71% return, driven by energy products like Low Sulphur Gas Oil and Heating Oil. The report also emphasizes the cyclical nature of value stock performance, noting that after periods of underperformance, value stocks have historically rebounded to outperform growth stocks in subsequent quarters. This reinforces the importance of a disciplined, diversified investment strategy.

bottom of page