Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for November. It was a very strong month for the stock markets, with most up by double digits. With good news on vaccines and the resolution of the presidential election, investors gained confidence. But medical risks remain, and the economic risks rose. Layoffs increased, and consumer confidence declined. Business confidence remained high but has pulled back. So, is there reason to believe that things will improve in the months ahead? Stay tuned to find out.
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for October. The markets started the month strong but rolled over on rising medical risks. Fortunately, the impact was cushioned by better economic news. Layoffs dropped, and consumer confidence held at higher levels. As a result, spending held up better than expected, and the housing market has boomed. Business confidence and investment have also been healthy. With the election just around the corner, could we face more risks ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for September. It was a tough month for the markets. They began September with a drop and ended the month with everything down, but by much less than feared. The economic news was better, with improved data from the labor market and consumer confidence bouncing back. Business confidence and investment were also healthy. Overall, the recovery looks to be on a solid foundation. But could the upcoming election pose a real risk? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.