A Quarter in the Red
We look under the hood at the quarter’s Morningstar Style Box trends and their (lack of) impact on investors.
A September swoon in growth stocks took a big bite out of the group’s performance upswing in the third quarter, with only large-cap growth stocks finishing the period in the green.
But while much of the focus in 2021 has been on the back-and-forth performance swings in the value versus growth performance gap, the bigger story in the third quarter was market capitalization. Large-company stocks were on balance the strongest performers, followed by midsized companies and then small-cap stocks.
Lauren Solberg does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.