Extending upon the theme in my previous 3rd quarter market summary, risky assets made a comeback in the past three months. According to Morningstar, the best sector for the quarter was Technology, which pulled in a healthy 14%. Performance was driven by attraction to social media companies, such as Facebook and news of the Twitter IPO, along with early-quarter interest in Apple.
Precious metals shined in the 3rd quarter with a gain of 19%, the health sector was strong with 14% and Europe Stocks rebounded 14%. Another noteworthy point is that all major sectors were positive in the 3rd quarter and the US Market is up 22% year-to-date, despite economic headwinds, such as concern over the Fed's tapering of stimulus and the US government shutdown.