Despite high oil prices, rising interest rates and doubt over the economy due to catastrophic hurricanes, U.S. asset management companies are likely to report high quarterly earnings reports, Dow Jones reports.
Equity markets performed well during the third quarter, according to David Haas, an analyst at Fox-Pitt Kelton. He added they did well domestically and abroad.
The S&P 500 index rose 3.1% and the NASDAQ Composite index grew by 4.6%. This growth could be attributed to the fact that energy-related stocks and international securities were the hot picks for the quarter.
"The market has been amazingly resilient over the last quarter," said Eric Fitzwater, senior analyst at Charlottesville, Va.-based SNL Financial.
Since the bond market is also doing well, fixed income are also expected to do well even though short-term interest rates are rising.