Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for June. It was a mixed month, as U.S. markets went down with the Dow and up with the S&P 500 and the Nasdaq. Bond markets pulled back a bit on rising rates. There was also pullback abroad, in both developed and emerging markets. Still, the fundamentals are good, and a step-up in second-quarter growth is expected. Job growth is strong, consumer spending is accelerating, and business investment is solid. Are there headwinds ahead? Stay tuned to learn more. Follow Brad at blog.commonwealth.com/independent-market-observer.
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