Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for January. The year started with a slight setback, with both U.S. and international markets down. Some of this poor performance was driven by fear over the coronavirus. Although the virus is something to watch, it’s not likely to be a long-term risk. Indeed, economic growth in the U.S. has been steady, and business and consumer confidence have improved. Will the fundamentals continue to provide a cushion for any risks on the horizon? Stay tuned to find out.
Follow Brad at blog.commonwealth.com/independent-market-observer.