All major asset classes advanced in the third quarter amidst increased volatility and despite some sharp September declines.

| EQUITIES

U.S. equity indices were up across the board in the third quarter, led by the Dow Jones Transportation Index (up 22.43%) and the technology-heavy NASDAQ (up 11.02%). The “capitalization weighted” S&P 500 had its best third quarter since 2010 (up 8.93%), despite its worst September since 2011 (down nearly 4%). The average daily change for the S&P 500 for the quarter was approximately 1%, which tends to be consistent with sharper swings in the market.  READ MORE