Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for April. U.S. markets were down between 5 percent for the Dow and 14 percent for the Nasdaq, while international markets fell between 5 and 7 percent. Rising interest rates drove the declines, with the Fed signaling it intended to keep tightening monetary policy. Still, the U.S. economic news was positive. Hiring remained strong, supporting consumer confidence, and business confidence and investment remained healthy. So, where do we go from here? Stay tuned to find out.

Follow Brad McMillan,  CIO at Commonwealth Financial Network, at blog.commonwealth.com/independent-market-observer