For much of this year, uncertainty around trade, fiscal and monetary policy ran high. In the third quarter, however, investors got answers to some key policy questions with the passage of President Trump’s One Big Beautiful Bill Act and the Federal Reserve’s resumption of the rate-cutting cycle it paused nearly a year ago. Earnings growth, greater policy clarity and other tailwinds drove U.S. stocks to new highs. The third quarter marked the first quarter this year the U.S. stock market outperformed international equity markets, which have been buoyed by a sharp decline in the value of the dollar. Read onfor a closer look at third-quarter trends and our take on the near-term outlook. |
Markets in a Minute - A Rising Tide: Third Quarter Market Review and Outlook
