Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for March. We saw a strong end to a healthy first quarter for stock markets. Both the Dow and S&P 500 here in the U.S. showed gains, while developed markets abroad showed lower but still positive returns. We also had good news on the economic front. Hiring rebounded, layoffs dropped, and consumer confidence rose to post-pandemic highs. But with more work to do to contain the medical risks, when will the economy return to full health? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
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