The stock market spent the majority of the summer months moving sideways in a tight trading range.  The S&P 500 finished the quarter up almost 4%, and is sitting on a gain of 7.8% so far this year.

International equity markets were a bright spot, and outperformed domestic markets.  Developed markets finished up 6.5% and Emerging markets finished with a gain of 9.2%.  Bonds also finished in positive territory with a 0.5% gain.  Commodities were a weak spot in the third quarter.  After strong gains in the first six months of the year, the S&P GSCI Commodity Index gave back 4.2% over the summer and now sits at a gain of 5.3% for the year.

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