Market Review
The third quarter of 2021 was a mixed picture for stocks and bonds. Major averages eked out minor positive returns in some cases and in other cases, such as the Russell 2000, returned fairly significant negative returns relative to other indices in 2021. The third quarter was particularly tumultuous where we saw most averages decline -4.5% to -5.7% in the case of the NASDAQ 100. The longer end of the US Treasury Yield Curve fell a bit, as investors sought safety in longer-dated treasuries amid the market volatility.