Quarterly Investment Letter Q3 2026
7 hours ago
1 min read
Market Review
The third quarter was kinder to the index than to the average stock. While the USA 500 rose 2.3% since the end of June, almost the entire gain came from the Mag 7 (+11.1%), whereas the equal-weighted USA 500 (-1.9%) lost ground.
Elsewhere, the picture was mixed. In dollar terms, Europe 600 (-1.5%) and the Swiss 30 (-5.5%) fell, whereas Japan (+4.5%) and the UK 100 (+1.9%) gained.
