Market Thoughts August 2024

Commonwealth CIO Brad McMillan recaps July’s market and economic news. July was a mixed month for markets, as investors rotated away from tech companies in favor of a more diversified approach. The tech-heavy Nasdaq had a weak month, the S&P 500 ended up a bit, and the Dow Jones Industrial did best of all, up by almost 5 percent. On the economic front, we are still in a relatively familiar place as we head into August. Despite some slowing, the economy is healthy and inflation is down. But what are the risks ahead? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.