This review features world capital market performance and a timeline of events for the past quarter, as well as an annual review for 2022.
Download the full PDF report at the end of this post for complete commentary.
US Stocks
The US equity market posted positive returns for the quarter and underperformed both non-US developed and emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
REIT indices underperformed equity market indices.
International Developed Stocks
Developed markets outside of the US posted positive returns for the quarter and outperformed both US and emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
Emerging Markets Stocks
Emerging markets posted positive returns for the quarter and outperformed the US market, but underperformed non-US developed markets.
Value outperformed growth.
Small caps underperformed large caps.
Real Estate Investment Trusts (REITs)
US real estate investment trusts underperformed non-US REITs during the quarter.
Market Summary
World Stock Market Performance
These headlines are not offered to explain market returns. Instead, they serve as a reminder that investors should view daily events from a long-term perspective and avoid making investment decisions based solely on the news.
2022 Year In Review
US Stocks
The US equity market posted negative returns for the year and underperformed non-US developed markets, but outperformed emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
REIT indices underperformed equity market indices.
International Developed Stocks
Developed markets outside of the US posted negative returns for the year and outperformed both US and emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
Emerging Markets Stocks
Developed markets outside of the US posted negative returns for the year and outperformed both US and emerging markets.
Value outperformed growth.
Small caps underperformed large caps.
Real Estate Investment Trusts (REITs)
US real estate investment trusts underperformed non-US REITs during the year.
Download the PDF version for a complete review featuring additional performance data for individual asset classes and further commentary.
