AssetMark Q3 2017 Market Commentary

October 19, 2017

Recently, Jerry Chafkin, CIO of AssetMark, Inc., released his third quarter market commentary, entitled 'Making Hay'. Here are the key points that are addressed in the attached Market Update:

  1. US stocks returned 4.5% in the third quarter 2017
  2. Realized volatility for the stock market, during the quarter, remained low
  3. Stock valuations, as a function of forecasted earnings, continue to be higher than their historical average, but can be rationalized given low interest rates and where we are in the economic cycle
  4. Bonds provided positive returns during the quarter, despite the Fed's bias to a tighter monetary policy
  5. Global diversification benefited US investors during the quarter

Click the link below for further details and let us know if you have any questions. 

AssetMark CIO Market Update Q3 2017