Raymond Nash
CEO & Principal
Cornerstone Consulting Group, LLC
E-Alert: Q3 Economic Update
Amidst breaking news both at home and abroad, equity markets maintained their position, posting modest gains across the third quarter. The S&P 500 rose 0.61% while the Dow Jones Industrial Average added 1.29% and NASDAQ gained 1.93%. However, even with the quarterly winning streak the "September Slump" proved true, pushing the S&P to its worst monthly performance since January. Mixed fundamentals underlying the market have created a divided opinion as to where the markets will finish out the year. News of the Ebola outbreak in West Africa, unrest in Hong Kong, ISIS in the Middle East, and the vote for Scottish independence all contributed to a shaky footing for equities.
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