Market Thoughts for August 2024
Commonwealth CIO Brad McMillan recaps July’s market and economic news. July was a mixed month for markets, as investors rotated away from tech companies in favor of a more diversified approach. The tech-heavy Nasdaq had a weak month, the S&P 500 ended up a bit, and the Dow Jones Industrial did best of all, up by almost 5 percent. On the economic front, we are still in a relatively familiar place as we head into August. Despite some slowing, the economy is healthy and inflation is down. But what are the risks ahead? Stay tuned to find out.
