Stocks improved during the 3rd quarter and we finished September with a gain of over 20% for the Year to Date. During the summer, value stocks significantly out-performed growth stocks as investors took advantage of some of the attractive valuations presented by the recent market correction. We received favorable news on Friday regarding progress on the China trade negotiation. This will remove one substantial area of concern for market participants. The last quarter is typically a seasonally strong market period and monetary authorities worldwide continue to provide ample liquidity and stimulus.