10.3.23 Q3 2023 in review - Equities took a hit in Q3 but are still strong to date
The stock market has still had a solid year, but it fell in the third quarter. Following a nearly 5% drop in September, the S&P 500 sank 3.3% in the third quarter, with rising interest rates the main culprit in the decline. September weakness was nothing out of the ordinary given the month has historically seen some of the weakest market performance on the calendar. Style was not a differentiator, as the Russell 1000 Growth and Value indexes achieved roughly similar total returns. Despite the down quarter, the Nasdaq has maintained a strong year-to-date return of 27.1%, surpassing both the S&P 500 and the Russell 1000, both of which h
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