Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for September.
U.S. indices were down by low single digits in August, with the Nasdaq doing the worst. International markets pulled back, and fixed income was down. This market performance reflected the underlying economy. Business and consumer confidence slowed, while inflation showed signs of ticking up again.
Although this weak data caused investor concerns to rise, is the outlook positive looking forward? Stay tuned to my latest Market Thoughts video to find out.
Stay tuned to find out. Follow Brad at http://blog.commonwealth.com/independent-market-observer.
Posted September 11, 2023