Market Thoughts September 2023

Brad McMillan, Commonwealth’s CIO, recaps August’s market and economic news. U.S. indices were down by low single digits in August, with the Nasdaq doing the worst. International markets pulled back, and fixed income was down. This market performance reflected the underlying economy. Business and consumer confidence slowed, while inflation showed signs of ticking up again. Although this weak data caused investor concerns to rise, is the outlook positive looking forward? Stay tuned to find out.