top of page

Q3 2018 | Market Update

Global stocks increased for the quarter as the All-Country World Index ETF (ACWI) gained +4.38% from July through September. The ride has been far from steady, however. Protectionism and politics are driving daily news feeds and adding to the market unsettledness.

The dichotomy between U.S. stocks and non-U.S. stocks has become more apparent since the beginning of the summer and evidenced in the chart below. The blue line is the S&P 500 ETF (SPY) and the orange line is the Non-US Stock ETF (ACWX). Concern surrounding emerging market growth rates has created a difficult environment for their stock markets. Further, rising U.S. rates are pressuring liquidity in markets that have high sensitivity to inflows and outflows, such as smaller and less-developed countries. In the long run, this divergence should not derail investor allocations to non-U.S. areas.


Cory Nakamura CFA, CFP® Chief Investment Strategist

Mosaic Pacific Investment Advisors | Honolulu, Hawaii

Mosaic Pacific Investment Advisors, LLC is a Registered Investment Advisor in the state of Hawaii. This information is provided for general education and is not considered to be investment advice. Please contact your advisor for specific advice concerning your financial situation. Any rates or projections noted herein are for illustration purposes only and does not reflect current interest rates nor is a forecast of future returns or interest rates. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor. If you would like more information on our firm our ADV Part 2A (Brochure) is always available to you at no cost.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Recent Posts
bottom of page