Third Quarter 2021

EQUITY MARKETS ENDED THE THIRD QUARTER WITH MIXED RESULTS. While the quarter started with strong earnings reports, lifting many large US stocks during the summer, it ended with the Federal Reserve (Fed) striking a dovish tone, confirming its hesitance to tighten policy too fast. Despite many positives, growth and inflation concerns late in the quarter caused many equities to retrace their steps in September. September has ranked as the weakest month for equities over the last 20 years

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