Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for July. After a terrible start to 2022, markets rebounded in July. U.S. and developed international markets were up by 5 percent or more, with only emerging markets trailing. The primary driver here was the Fed. It has raised interest rates close to a neutral level, and markets are anticipating the worst of the tightening cycle has passed. But with the U.S. economy contracting for the second quarter in a row, can the rebound continue? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Brad McMillan, managing principal, chief investment officer, at Commonwealth, provides our advisors and their clients with market insights and analysis to help inform their investment decisions.
