Overall, the sentiment in the realm of pop culture seems considerably more upbeat than what you might find in the financial press. Though I’m not entirely sure I trust this run of positive feeling, recent economic news, plus the Fed’s surprising endorsement of the strength of the U.S. recovery, suggests that the kids might well be onto something here.
There’s no telling whether the summer will, in fact, turn out to be positive for the economy and the markets. But with wages growing and consumers willing to spend again, it seems far more likely than it did a couple of weeks ago.
Come July, let’s hope we’re feeling cool by the ocean rather than stressed out.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions. This post originally appeared on The Independent Market Observer, a daily blog authored by McMillan.