Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for October. The markets saw a bounce last month. The Nasdaq and the S&P gained over 7 percent, and the Dow was up almost 6 percent. These results were driven by the stabilization of key economic data. Job growth declined in September, but a higher October result is expected as labor demand remains strong. Plus, consumer confidence has stabilized. With improving medical data and economic risks trending down, are we almost out of the woods? Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
Commonwealth CIO Brad McMillan recaps October’s market and economic news. After a difficult September, all three major U.S. indices were up significantly last month. With improvement on the medical front and stabilization of key economic data, could there be brighter skies ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
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