- Most asset classes were roughly flat for the quarter, expect for a decline in Emerging Markets of -8%.
- Going into Q4 2021, real GDP has recovered to the output levels seen in Q4 of 2019 (pre-pandemic). Now on track to recover to the 20-year GDP growth rate that precluded the pandemic, it is anticipated to fully recover in 2022.
- Fed reaffirms accommodative policy and pushes tapering timeline to 2022.
To access the Quarterly Market Review for Q3 of 2021, please click on the image below: