A Promising Rebound
Looking back at July, we started the month with the fear that a lot of bad things could happen—but what we actually saw was a rebound. As we move forward into August, many of those fears appear to already be priced in, while others do not look nearly as bad as they did a couple of months ago.
July’s rebound was the markets taking stock of the fears versus the reality. And while risks remain, it looks like August could provide even more evidence that things are looking up.
Brad McMillan is the chief investment officer at Commonwealth Financial Network.