The Q3 2022 Market Review reflects a challenging period for global markets, with U.S. stocks declining by 4.46%, international developed markets falling by 9.20%, and emerging markets dropping by 11.57%. Growth stocks underperformed value stocks, and small caps fared slightly better than large caps. U.S. REITs fell by 10.37%, while global REITs saw larger losses at 13.18%. Commodities also struggled, with the Bloomberg Commodity Index dropping 4.11%, driven by sharp declines in oil and gas prices. Fixed income markets experienced rising interest rates, which negatively impacted bond returns, with the Bloomberg U.S. Aggregate Bond Index down 4.75%. Despite these challenges, the report emphasizes the importance of diversification, showcasing how a broad mix of asset classes can help mitigate risk and provide long-term stability in volatile markets.