Brad McMillan, managing principal and chief investment officer at Commonwealth Financial Network®, our Registered Investment Adviser–broker/dealer, recently recapped May's market and economic news in this video.
Markets started to stabilize during the month. The Dow and S&P 500 ended with small gains, while the Nasdaq’s loss was small by recent standards. International markets edged up a bit more than U.S. markets, while fixed income showed gains. The primary driver here was interest rates, which showed signs of stabilizing. Further, hiring remained strong, supporting spending growth, and business investment was healthy.
As always, we strive to keep you informed and help you stay on track toward your longterm financial goals. If you have questions or want to speak with us, please contact our office.
Charles D. Dodds, Jr., CFP®, CLU®, ChFC®, CIMA®
President, Sr. Portfolio Manager
Adrian F. Dodds, CFP®
Managing Partner, Sr. Financial Advisor