Brad McMillan, Commonwealth’s CIO, discusses how the markets and economy fared in August. Hiring was strong, consumer confidence surprised to the upside, and consumer spending continued to grow. The big questions for the month concern volatility: Why is volatility so low, and is it going to continue? To answer these questions, Brad looks at the consumer’s role in the recovery, whether there are signs of improvement on the business side, and the view from the Fed. He also explores what to expect in September. Stay tuned for more. Follow Brad at blog.commonwealth.com/independent-market-observer.
