Cardinal – Q3 Portfolio Commentary

Market Outlook – The stock market performance of the third quarter of 2015 was another disappointment with most of the major global markets down from 7.0% to 12.0%. Again the U.S. stock market had the best results with the S&P 500 down 6.9%, the S&P/TSX down 8.6%, the German DAX-30 off 11.7%, the British FTSE-100 off 7.0%, and the French CAC-40 down 7.0%. From mid-April to the end of September, the major global stock markets suffered a severe correction. This was the first significant market correction since October 2011.

 

Click here to read more:  Cardinal Quarterly – October 2015