Market Thoughts for August 2018
Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for July. It was a great month for U.S. markets, as the Dow, S&P 500, and Nasdaq were all up. And after a terrible June, both developed and emerging markets bounced back as well. This performance was supported by a strong economy. GDP growth for Q2 came in at the highest level since 2014, both employment and inflation are in healthy territory, and corporate earnings continue to beat expectations. Can this positive momentum continue? Stay tuned to learn more. Follow Brad at blog.commonwealth.com/independent-market-observer.