Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for August. It was a tough month for markets, with fixed income the only bright spot. There was a lot of volatility, with markets down between 4 percent and 6 percent on three occasions. What drove the declines? Politics. The U.S.-China trade war heated up, and the Fed and the White House sparred over rates. Still, the economy remained solid—with consumer confidence high and strong job growth. So, will there be more volatility ahead? Stay tuned to learn more.
Follow Brad at blog.commonwealth.com/independent-market-observer.