Market showing signs of improvement. All that said, the fact is that here in the United States, the job market has hardly ever been stronger. There are now more jobs than people available to fill them. Consumer and business confidence remain high, helped by the recent tax cuts, and there are signs spending growth is responding. Markets are showing signs the recent pullback may be over.
Where We Are Now?
Coming out of April, then, there are certainly things to worry about, but we seem to have weathered the recent slowdown pretty well. Growth continues, the corporate fundamentals have improved significantly and the immediate risks appear to have subsided. While we will certainly need to keep an eye on things, this is not a bad place to be as we start the summer.
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 Brad McMillan.