Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for September. It was a bad month for the markets. In the U.S., all three major indices were down. Developed markets dropped, and emerging markets did worst of all. These declines resulted from the weakening of the economic data, driven by the spread of the Delta wave of the virus. Job growth was down, layoffs trended up, and consumer confidence dropped. Does the economy have the momentum to keep going until the virus is under control? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Follow Katherine Liola’s Financial Fitness Planning Tip of the week every Friday on Facebook, Twitter and LinkedIn.
Advisory services offered through Commonwealth Financial Network®, Registered Investment Advisor.
Schedule a Consultation
Got questions? We'd love to spend some time getting to know you and your goals, and offer our best insight into the right investment strategy for you. Schedule a consultation today.