In this issue:

Economic and Market Overview

Third Quarter Review

Current expectations for economic growth in the third quarter are for an increase in real GDP of 2.8%. This increase represents the consensus view of economists that are regularly surveyed by Bloomberg and reveals an acceleration in economic growth relative to the 2.2% increase registered for the second quarter.

Read More

Fixed Income Commentary

Yields Move Higher Sharply, Amid Strong Economic Growth

Core bonds dropped 3.5% during the third quarter as the 10-year Treasury yield hit a 24-year high.

Read More

Equity Commentary

Quarter in Review

Equities continued their ascent, albeit muted compared to the prior quarter.

The Russell 3000 Index advanced 1.4%, as the Russell 1000 Index increased 1.8%.

Read More