Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for March. We saw a bounce in stock markets for the month, but everything was down between 3 and 8 percent for the first quarter. The reasons for this were twofold. First, with inflation at a 40-year high, the Fed was forced to raise interest rates. Second, the Russian invasion of Ukraine unsettled markets. Still, there were some positives. Hiring was strong, and business confidence and investment were healthy. So, where do we go from here? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
Commonwealth CIO Brad McMillan recaps March’s market and economic news. It was a terrible first quarter for the markets, driven by the Fed rate hike and the Russian invasion of Ukraine. But with the economy still growing and the fundamentals remaining sound, what should we expect ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.