{"id":6646,"date":"2022-10-18T11:04:08","date_gmt":"2022-10-18T16:04:08","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6646"},"modified":"2022-10-18T11:04:34","modified_gmt":"2022-10-18T16:04:34","slug":"market-update-3rd-quarter-2022","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6646","title":{"rendered":"Market Update. 3rd Quarter 2022"},"content":{"rendered":"\n
Index<\/strong><\/td>Third Quarter 2022<\/strong><\/td>Year          To-Date 2022<\/strong><\/td><\/tr>
S&P 500<\/td>-5.3%<\/td>-24.8%<\/td><\/tr>
Dow Jones Industrial Average<\/td>-6.7%<\/td>-21.0%<\/td><\/tr>
Russell 2000<\/td>-2.5%<\/td>-25.9%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
MSCI EAFE (International Index)<\/td>-10.4%<\/td>-27.2%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
Barclays Aggregate Bond<\/td>-4.6%<\/td>-14.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Performance Source: Koyfin<\/em><\/p>\n\n\n\n

U.S. Versus International<\/strong><\/p>\n\n\n\n

The S&P 500, an index of large U.S. companies, posted a total return of -5.3% for the Third Quarter of 2022. U.S. stocks outperformed international for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside the U.S. EAFE total return for the Third Quarter of 2022 was -10.4%.<\/p>\n\n\n\n

The European Central Bank raised interest rates by 0.75% on September 8, 2022. This prompted a more aggressive fall in international stocks as fears of an economic slowdown rose. Increasing tensions in Ukraine and between China and Tiawan also contributed to the steeper fall in international stocks.<\/p>\n\n\n\n

Brazil and other South American countries experienced positive stock market returns for the quarter. GDP in Brazil has an unexpected rise of 1.2% from between April and June. Economic leaders continue to expect growth for the remainder of the year and into 2023. Inflation readings were also lower than expected. China and Asian countries were the weakest for the quarter, as anticipation of slower growth in U.S. and Europe hurt expectations.<\/strong><\/p>\n\n\n\n

U.S. Sectors<\/strong><\/h2>\n\n\n\n

Top performing U.S. S&P 500 sectors as reported by Koyfin for the Third Quarter of 2022 by total return include Consumer Discretionary (3.8%), Energy (1.8%) and Financials (-3.0%). Laggards for the Third Quarter include Communications (-11.6%), Real Estate (-11.1%) and Materials (-7.1%).<\/p>\n\n\n\n

Top performing S&P 500 sectors as reported by Koyfin year-to-date through September 30, 2022, include Energy (33.9%), Utilities (-6.5%) and Consumer Staples (-11.9%). Laggards year-to-date include Communications (-37.9%), Technology (-31.2%) and Consumer Discretionary (-29.9%).<\/p>\n\n\n\n

Areas that can seemingly benefit from higher interest rates such as Energy and Financials remained strong in the Third Quarter. Consumer spending remained steady, which aided discretionary stocks. Weak sectors are areas that typically hurt when interest rates rise. Communications and Real Estate are high dividend stocks. As bonds offer higher interest rates, the risk-reward for these stock dividends may not be as attractive.<\/p>\n","protected":false},"excerpt":{"rendered":"

Index Third Quarter 2022 Year          To-Date 2022 S&P 500 -5.3% -24.8% Dow Jones Industrial Average -6.7% -21.0% Russell 2000 -2.5% -25.9%     MSCI EAFE (International Index) -10.4% -27.2%     Barclays Aggregate Bond -4.6% -14.5% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return […]<\/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":"","_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],"tags":[],"class_list":["post-6646","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1Jc","jetpack-related-posts":[{"id":6637,"url":"https:\/\/schenkelberg.investments\/?p=6637","url_meta":{"origin":6646,"position":0},"title":"Market Update. Second Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"July 7, 2022","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -16.5% for the Second Quarter of 2022. U.S. stocks marginally outperformed international again for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside the U.S. EAFE\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6678,"url":"https:\/\/schenkelberg.investments\/?p=6678","url_meta":{"origin":6646,"position":1},"title":"Market Update. 4th Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"January 10, 2023","format":false,"excerpt":"IndexFourth Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 5007.1%-19.5%Dow Jones Industrial Average15.3%-8.8%Russell 20005.8%-21.6%\u00a0\u00a0MSCI EAFE (International Index)17.7%-14.4%\u00a0\u00a0Barclays Aggregate Bond1.6%-13.0% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 7.1% for the Fourth Quarter of 2022. U.S. stocks lagged international for the quarter as\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6571,"url":"https:\/\/schenkelberg.investments\/?p=6571","url_meta":{"origin":6646,"position":2},"title":"Market Update – 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 "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6623,"url":"https:\/\/schenkelberg.investments\/?p=6623","url_meta":{"origin":6646,"position":3},"title":"Market Performance Update. First Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"April 12, 2022","format":false,"excerpt":"Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -5.0% for the First Quarter of 2022. U.S. stocks marginally outperformed international again for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2022\/04\/image-5.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6712,"url":"https:\/\/schenkelberg.investments\/?p=6712","url_meta":{"origin":6646,"position":4},"title":"Time Is On Your Side","author":"J.J. Schenkelberg, CFA","date":"October 16, 2023","format":false,"excerpt":"Standard & Poor\u2019s 500 Index total return for the Third Quarter of 2023 was negative (-3.3% according to J.P. Morgan). We haven\u2019t experienced a negative quarter since Third Quarter 2022. We have seen some drastic ups and downs in market performance the past couple of years. Total return for the\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2023\/10\/image.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2023\/10\/image.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2023\/10\/image.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2023\/10\/image.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6765,"url":"https:\/\/schenkelberg.investments\/?p=6765","url_meta":{"origin":6646,"position":5},"title":"U.S. Versus International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"July 10, 2024","format":false,"excerpt":"IndexSecond Quarter 2024Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2024S&P 5003.9%14.5%Dow Jones Industrial Average-1.7%3.8%Russell 2000-3.9%0.8%\u00a0\u00a0MSCI All Country World Index ex-US1.0%5.6%\u00a0\u00a0Aggregate Bond0.1%-0.6% Performance Source: Koyfin Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 3.9% for the Second Quarter of 2024. Large U.S. stocks outperformed\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6646","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=6646"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6646\/revisions"}],"predecessor-version":[{"id":6647,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6646\/revisions\/6647"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}