Call 713-840-1000 / 800-960-1200

Markets & Economy

The Economy: September 2016

THE ECONOMY: As of September 2016

There wasn’t much movement in equity markets during September, as investor sentiment remained subdued in the face of potential Federal Reserve action later this year and a looming U.S. election in November. However, the 3rd quarter proved to be a good one for stocks overall. Standouts included the Russell 2000 index of small cap stocks, which gained 9.05 percent, emerging markets, which were up 9.03 percent, and technology companies, which propelled the NASDAQ to a 10.02 percent increase. Interest rates moved up marginally during the quarter, but corporate bonds still managed solidly positive returns.