Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for October. The markets started the month strong but rolled over on rising medical risks. Fortunately, the impact was cushioned by better economic news. Layoffs dropped, and consumer confidence held at higher levels. As a result, spending held up better than expected, and the housing market has boomed. Business confidence and investment have also been healthy. With the election just around the corner, could we face more risks ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
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