{"id":6485,"date":"2019-10-07T13:53:33","date_gmt":"2019-10-07T18:53:33","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6485"},"modified":"2022-01-23T14:58:28","modified_gmt":"2022-01-23T20:58:28","slug":"market-performance-update-3q-2019","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6485","title":{"rendered":"Market Performance Update &#8211; 3Q 2019"},"content":{"rendered":"\n<p style=\"font-size:30px\" class=\"has-text-color has-very-dark-gray-color\"><strong>U.S. Versus <a>International<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\"><a>The S&amp;P 500, an index of large U.S. companies, posted a total return\nof 1.2% for the Third Quarter of 2019. U.S. stocks outperformed international\nfor the quarter as measured by the Morgan Stanley Composite Index EAFE, a\nrepresentation of international stocks outside the U.S. Total return for the Third\nQuarter of 2019 was -1.1%.<\/a><\/p>\n\n\n\n<p>International stocks fell harder than U.S. equities during the month of\nJuly in anticipation of additional tariffs between the U.S. and China. As trade\ntalks softened throughout the quarter international stocks traded more in line\nwith U.S. securities. The global economy continues to show signs of slowdown,\nwhich may affect the U.S. <\/p>\n\n\n\n<p>Japanese and European stocks were a global bright spot,\noutperforming the U.S. European leaders remain committed to an accommodative\nfiscal policy, with interest rates set below zero. Hong Kong and China were the\nweakest global areas, with the Hong Kong stock index falling over 10%. While\ntariff news weighed on Chinese stocks, ongoing protests in Hong Kong are\nweighing on their economy. The Hong Kong cry of freedom will likely continue to\nput pressure on Chinese resources.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>U.S. Sectors<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\"><a>Top performing U.S.\nsectors as reported by The Wall Street Journal for the third quarter of 2019 by\ntotal return included Utilities (8.4%), Real Estate (6.9%) and Consumer Staples\n(5.4%). Laggards for the third quarter include Energy (-7.3%), Healthcare (-2.7%)\nand Materials (-0.7%). Relative sector performance was primarily influenced by\ntwo interest rate cuts at the Federal Reserve during the quarter.<\/a><\/p>\n\n\n\n<p>Utility and\nreal estate stocks are often coveted for their high dividend yields. When\ninterest rates decline these securities become relatively more attractive for\ninvestors seeking consistent income from their investments. Lower interest\nrates mean lower income on bonds and other interest rate related investments.\nThe high dividends on utility and real estate stocks can make up for lost\nincome in other areas. <\/p>\n\n\n\n<p>Also notable\nis the strong shift from more cyclical sectors, like materials and energy, that\nmay be negatively impacted by slower economic growth into more defensive\nsectors like utilities, real estate and consumer staples. The Federal Reserve\nrate cut indicates significant concern regarding future growth opportunities\nindicating that economic growth may be muted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Versus International The S&amp;P 500, an index of large U.S. companies, posted a total return of 1.2% for the Third Quarter of 2019. U.S. stocks outperformed international for the quarter as measured by the Morgan Stanley Composite Index EAFE, a representation of international stocks outside the U.S. Total return for the Third Quarter of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"<!-- wp:paragraph -->\n<p><strong>U.S. Versus <a>International<\/a><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a>The S&amp;P 500, an index of large U.S. companies, posted a total return\nof 1.2% for the Third Quarter of 2019. U.S. stocks outperformed international\nfor the quarter as measured by the Morgan Stanley Composite Index EAFE, a\nrepresentation of international stocks outside the U.S. Total return for the Third\nQuarter of 2019 was -1.1%.<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>International stocks fell harder than U.S. equities during the month of\nJuly in anticipation of additional tariffs between the U.S. and China. As trade\ntalks softened throughout the quarter international stocks traded more in line\nwith U.S. securities. The global economy continues to show signs of slowdown,\nwhich may affect the U.S. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Japanese and European stocks were a global bright spot,\noutperforming the U.S. European leaders remain committed to an accommodative\nfiscal policy, with interest rates set below zero. Hong Kong and China were the\nweakest global areas, with the Hong Kong stock index falling over 10%. While\ntariff news weighed on Chinese stocks, ongoing protests in Hong Kong are\nweighing on their economy. The Hong Kong cry of freedom will likely continue to\nput pressure on Chinese resources.<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:heading -->\n<h2>&nbsp;<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:heading -->\n<h2><strong>U.S. Sectors<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><a>Top performing U.S.\nsectors as reported by The Wall Street Journal for the third quarter of 2019 by\ntotal return included Utilities (8.4%), Real Estate (6.9%) and Consumer Staples\n(5.4%). Laggards for the third quarter include Energy (-7.3%), Healthcare (-2.7%)\nand Materials (-0.7%). Relative sector performance was primarily influenced by\ntwo interest rate cuts at the Federal Reserve during the quarter.<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Utility and\nreal estate stocks are often coveted for their high dividend yields. When\ninterest rates decline these securities become relatively more attractive for\ninvestors seeking consistent income from their investments. Lower interest\nrates mean lower income on bonds and other interest rate related investments.\nThe high dividends on utility and real estate stocks can make up for lost\nincome in other areas. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Also notable\nis the strong shift from more cyclical sectors, like materials and energy, that\nmay be negatively impacted by slower economic growth into more defensive\nsectors like utilities, real estate and consumer staples. The Federal Reserve\nrate cut indicates significant concern regarding future growth opportunities\nindicating that economic growth may be muted.<\/p>\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[119,123,1],"tags":[],"class_list":["post-6485","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1GB","jetpack-related-posts":[{"id":6571,"url":"https:\/\/schenkelberg.investments\/?p=6571","url_meta":{"origin":6485,"position":0},"title":"Market Update &#8211; Third Quarter 2021","author":"J.J. Schenkelberg, CFA","date":"October 15, 2021","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 0.6% for the Third Quarter of 2021. S&P 500 performance was driven by strength in select stocks with large weights in the index. U.S. stocks outperformed international again for the quarter as measured\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6182,"url":"https:\/\/schenkelberg.investments\/?p=6182","url_meta":{"origin":6485,"position":1},"title":"Market Performance Breakdown &#8211; Fourth Quarter 2017","author":"J.J. Schenkelberg, CFA","date":"January 9, 2018","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 21.8% for 2017 and 6.6% for the 13 weeks ending December 31, 2017. U.S. stocks lagged behind international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6144,"url":"https:\/\/schenkelberg.investments\/?p=6144","url_meta":{"origin":6485,"position":2},"title":"3Q 2017 Market Performance Breakdown","author":"J.J. Schenkelberg, CFA","date":"October 25, 2017","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 4.5% for the 13 weeks ending September 30, 2017. U.S. stocks lagged behind international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside\u2026","rel":"","context":"In &quot;Market Performance&quot;","block_context":{"text":"Market Performance","link":"https:\/\/schenkelberg.investments\/?cat=123"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6558,"url":"https:\/\/schenkelberg.investments\/?p=6558","url_meta":{"origin":6485,"position":3},"title":"Market Update &#8211; Second Quarter 2021","author":"J.J. Schenkelberg, CFA","date":"July 6, 2021","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 8.2% for the Second Quarter of 2021. This performance almost matched the first quarter for a year-to-date return of 14.4%. U.S. stocks outperformed international again for the quarter as measured by the iShares\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2021\/07\/image.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6453,"url":"https:\/\/schenkelberg.investments\/?p=6453","url_meta":{"origin":6485,"position":4},"title":"Market Update &#8211; 2019 Second Quarter","author":"J.J. Schenkelberg, CFA","date":"July 8, 2019","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 4.3% for the Second Quarter of 2019. U.S. stocks outperformed international for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the U.S. Total\u2026","rel":"","context":"In &quot;Market Commentary&quot;","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6153,"url":"https:\/\/schenkelberg.investments\/?p=6153","url_meta":{"origin":6485,"position":5},"title":"1Q 2017 Market Performance Breakdown","author":"J.J. Schenkelberg, CFA","date":"April 8, 2017","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 6.1% for the 13-weeks ending March 31, 2017. U.S. stocks lagged behind International for the quarter as measured by the All Country World Index ex-U.S. stocks, a representation of international stocks outside the\u2026","rel":"","context":"In &quot;Market Performance&quot;","block_context":{"text":"Market Performance","link":"https:\/\/schenkelberg.investments\/?cat=123"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6485"}],"version-history":[{"count":2,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6485\/revisions"}],"predecessor-version":[{"id":6487,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6485\/revisions\/6487"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}