US stocks are off to a great start to October and the fourth quarter. The S&P 500 is up almost 6% from the low on October 3, logging three winning weeks in a row. The leading index is now up 20% in 2019 and ready to breakout into a new all-time high.
Global stocks held up well in the face of adversity in the third quarter. Despite the threat of a recession and uncertainty over the US, China trade dispute, the S&P 500 (SPY) fell just 1% in the third quarter. The tech heavy NASDAQ (QQQ) also fell -1%. The global stock market Vanguard (VT) fell -2%. Emerging Markets (EEM) lagged, falling -6%.