Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for August. It was another very good month for the financial markets. In the U.S., both the Nasdaq and the S&P 500 showed material gains, while developed markets also did well. On the medical front, the virus continued its spread. There are signs that the rising medical risks are starting to appear in the data, with consumer confidence dropping significantly in August. So, will we see a slowdown in the recovery as we move into the fall? Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
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