U.S. Large Caps Trending Positively

In past quarters, we have highlighted the shift out of large US stocks into international markets. One illustration of this was that during prior quarters (both up and down), US stocks were routinely well represented on the list of stocks with the most negative impact, while international names made up the majority of stocks with the most positive impact.

This quarter however, we saw a shift. Of the ten stocks with the most positive impact, nine were US companies, while only four US names appeared on the list of stocks most negatively impacting Q3 returns.

While one quarter does not make a trend, this is certainly something investors should keep abreast of.

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