Market Thoughts for July 2023
Brad McMillan, Commonwealth’s CIO, recaps June’s market and economic news. U.S. stocks were up for the month and quarter while gains in international markets last month left them flat for the quarter. Fixed income didn’t fare as well. Market performance reflected positive economic news, with continued strong job creation, income and spending growth, and improving consumer confidence. But while inflation is down, it may not stay that way. Will this prompt the Fed to raise rates again? Stay tuned to find out.
