Issue link: https://read.uberflip.com/i/1490964
For existing institutional investor client use only. Not for public distribution. The information contained herein is confidential and proprietary to SEI and is not to be reproduced or made available in any form to any persons without the express prior written consent of SEI. 8 ©2022 SEI Sources: Bloomberg, Russell, Standard & Poor's. US Large Cap = Russell 1000 Index, US Small Cap = Russell 2000 Index. Value and Growth represented by Russell 1000 Value Index and Russell 1000 Growth Index, respectively. Sectors represented by respective S&P 500 sector indexes. As of 9/30/20XX. Past performance is not a guarantee of future results. U.S. equity market review • U.S. equities staged an impressive rally from their mid-June lows through late July on hopes that the Federal Reserve would hike interest rates less aggressively than markets feared. Those hopes gave way to renewed pessimism however, as central banks hiked interest rates while promising further hikes to come. • The beaten-down consumer discretionary sector managed to turn in a strong quarter, helping growth stocks outperform value. Energy was the only other sector to manage a positive return. Cyclical, rate-sensitive and richly priced sectors struggled overall. -10% -5% 0% 5% 10% 15% 20% Jun '22 Jul '22 Aug '22 Sep '22 Cumulative Total Return QTD Domestic Equity Market Returns U.S. Large Cap (-4.6%) U.S. Small Cap (-2.2%) -5.6% -3.6% 4.4% 2.2% -3.1% -4.7% -5.2% -6.0% -6.2% -6.6% -7.1% -11.0% -12.7% -11.4% -22.6% -20.9% 45.1% -17.7% -13.9% -3.4% 5.6% -20.0% -0.1% -12.2% -16.5% -39.1% Value Growth Cons. Disc. Energy Financials Industrials Healthcare Utilities Technology Cons. Staples Materials Real Estate Communications Total Return U.S. Large Cap Sectors Third Quarter One Year