Quarter endings and beginnings are typically a good time to provide a touch point with your clients and prospects, so in recognition of the change of calendar, we wanted to give you a sample newsletter to aid you with this communication.
Quarter endings and beginnings are typically a good time to provide a touch point with your clients and prospects, so in recognition of the change of calendar, we wanted to give you a sample newsletter to aid you with this communication. You want to let your clients know that you are holding the reins of their portfolios and that you are holding on tight. This letter has not been FINRA approved; however, you are welcome to use the text as you like. Feel free to "slice and dice" the text to best incorporate it within your business.
Sample Client Newsletter: Q3 2025
PRINT ON FIRM APPROVED LETTERHEAD
INSERT DATE
The third quarter is officially in the books and it was another strong quarter for stocks globally. The S&P 500 finished the quarter up almost 8%; small cap stocks outperformed their large cap counterparts as the Russell 2000 gained more than 12%, its best quarter since 2023. The advance was broad-based as every sector of the S&P finished the quarter with a gain, except for consumer staples. Technology was the top performer, followed by consumer discretionary with both sectors posting double-digit gains.
Despite the US Dollar Index recording its first positive quarter of 2025, international equities also made significant strides as the MSCI EAFE Index and the MSCI Emerging Markets Index were up 4% and 10%, respectively. Emerging Asia markets were among the strongest performers as Vietnamese stocks were up almost 30%.
After a nine-month pause, the Federal Reserve lowered interest rates in September. This rate cut was somewhat unusual as it comes with US equity indexes trading near all-time highs. The Fed typically eases monetary policy in response to economic weakness, so rate cuts often coincide with relatively weak stock markets. Since 1990, there have only been a handful of times when the Fed has cut rates when the S&P was within 1% of its all-time high. On each of those occasions, the S&P 500 was higher a year later, although stocks sometimes had a rocky ride in the short term. Expectations for lower interest rates helped push bonds higher as the Bloomberg US Aggregate Bond Index gained 2%.
The strong rally in precious metals that has been underway for most of the year continued in the third quarter as silver, platinum, and gold, were up 29%, 19%, and 16.5%, respectively. Gold notched a series of all-time highs during the quarter, reaching $3500 for the first time and eclipsing $3800 by quarter’s end.
Domestic equities remain at the top of the asset class rankings in our Dynamic Asset Level Investing (DALI) tool, with international equities a close second. DALI provides us with a heat map of where relative strength (and weakness) resides across and within asset classes. The continued leadership by equities suggests that the market remains in a risk-on posture as we begin the final quarter of 2025.
NAME, TITLE
P.S., If you think this type of information would be beneficial to anyone you know, please share this communication with them.
Please be aware that the content of this newsletter is based on the opinion of Dorsey, Wright research and may differ from the research provided by your financial advisor. This market theme letter was written by Dorsey, Wright & Associates and is provided courtesy of your advisor.
The performance numbers in this article do not reflect dividends or transaction costs. Indexes are not available for direct investment. Past performance is not indicative of future results and there is no assurance that any forecasts mentioned in this report will be attained.
Stocks offer growth potential but are subject to market fluctuations. Dividends are not guaranteed; companies can reduce or eliminate their dividend at any time. There are special risks associated with an investment in real estate, including credit risk, interest rate fluctuations and the impact of varied economic conditions.
The information contained herein has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable (“information providers”). However, such information has not been verified by Dorsey, Wright & Associates, LLC (DWA) or the information provider and DWA and the information providers make no representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein. DWA and the information provider accept no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct, indirect, consequential, or special loss of any kind arising out of the use of this document or its contents or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded). Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities, commodities or exchange traded products. This document does not purport to be complete description of the securities or commodities, markets or developments to which reference is made.
Potential for profits is accompanied by possibility of loss.
The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
