Market Thoughts for October 2019

Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for September. It was a pretty good month, with U.S., international, and emerging markets all up. These results were surprising given the month’s events, including a drone strike on a Saudi oil complex and the impeachment inquiry of President Trump. Still, the fundamentals remained solid. New and existing home sales went up. We also saw strong personal income growth, leading to strong retail sales growth. But are there headwinds ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.

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