Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for December. The year closed on a strong note, with the Dow and S&P showing gains. The Nasdaq struggled a bit, but it ended the month in the green. On the medical front, the omicron variant drove COVID cases to new highs. Still, the economic data kept getting better. Consumer confidence numbers bounced back, and consumer spending kept growing. Further, business confidence and investment remain very high. But could there be risks ahead? Stay tuned to find out.
Follow Brad McMillan, CIO at Commonwealth Financial Network, at blog.commonwealth.com/independent-market-observer