Q3 2017 Review: Bull Market Remains Unfazed

Read our review of Q3 and our outlook for the remainder of 2017 [Personal Capital]( [Sign In]( Q3 Review: Bull Market Remains Unfazed [Read Report]( Over the past quarter, North Korea successfully tested a hydrogen bomb; devastating hurricanes battered Texas, Florida and the Caribbean; political dysfunction in Washington featured more Russia controversy and significant White House staff turnover; Equifax reported a massive personal data breach; and the Fed indicated it remains on track to raise interest rates another 0.25% this year while beginning the process of deleveraging its massive balance sheet. Yet through it all, the bull market remained unfazed. US stocks rose for an 8th consecutive quarter, and daily volatility stayed conspicuously absent. The US Total Stock market returned 4.5% for the quarter. Globally diversified investors fared better, as international stocks outperformed the US for a third straight quarter by gaining 5.9%. S&P 500 earnings growth for Q3 is estimated at 5%, according to FactSet. This is respectable, but means the majority of gains in US Stocks over the last year came from PE multiple expansion rather than earnings growth. Q2 US GDP growth was revised up to a healthy 3.1%. Read our [Q3 Market Review and Commentary]( for more in-depth analysis around: - President Trump's proposed tax reforms and what they mean for you. - The importance of diversification and its impact on risk and returns. - Lessons from the Equifax data breach, including tips to keep you safe. We hope you enjoy our insights and analysis. The Personal Capital Team Catch up on the latest market events. Our Q3 Market Review & Commentary discusses the market impact of Q3's biggest moments. [Read the Report]( $400 Billion Tracked On Our Free Tools & Growing Over 1.5 million users are tracking $400 billion of America's balance sheet on Personal Capital's free financial tools. Hitting $400 billion was a huge endorsement of our software, its security, and the value it provides our users across the country. [Personal Capital]( Get to know your money. [Facebook]( [Twitter]( [LinkedIn]( Silicon Valley One Circle Star Way, First Floor San Carlos, California 94070 San Francisco 250 Montgomery Street, Suite 700 San Francisco, California 94104 Denver 999 18th Street, Suite 800s Denver, Colorado 80202 This email was sent to {EMAIL}. Please add service@email.personalcapital.com to your address book to ensure our messages reach your inbox. If you no longer wish to receive these types of emails from Personal Capital, please [manage your email subscriptions]( or [unsubscribe](.