Brad McMillan, CFA, CAIA, MAI

Brad McMillan, CFA®, CAIA, MAI, is chief investment officer at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. As CIO, Brad chairs the investment committee and is the primary spokesperson for Commonwealth’s investment divisions. Brad received his BA from Dartmouth College, an MS from MIT, and an MS from Boston College. He has worked as a real estate developer, consultant, and lender; as an investment analyst, manager, and consultant; and as a start-up executive. His professional qualifications include designated membership in the Appraisal Institute (MAI), the CFA Institute, and the CAIA Association. Brad speaks around the country on investment issues and writes for industry publications, as well as for this blog.
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Recent Posts

The Old World: Where We Came From

November 16, 2018

I closed my post two days ago with the observation that the now world—the world optimized around economics—has changed significantly from what came before it. It really became different this time, within the lifetime of most of the readers of this blog.

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Checking in on the Stock Market: The Downward Slide Continues

November 15, 2018

I want to take a break today from the next world discussion to check in on the stock market. Since the pullback in October and the bounce after the midterms, we have seen a slow and continuous decline. I have been hearing more questions and concerns, so let’s take a look at what is going on.

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Appearance on CNBC's Power Lunch, November 14, 2018 [Video]

November 15, 2018

Given slowing economic growth, are we looking at a recession? Yesterday, I appeared on CNBC's Power Lunch to discuss what we might expect as we head toward year-end.

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Appearance on Bloomberg Daybreak: Americas, November 13, 2018 [Video]

November 14, 2018

We're seeing increased volatility in the market, but what's the outlook for 2019? I discussed this and more (my segment begins at 50:51) yesterday on Bloomberg TV's Bloomberg Daybreak: Americas

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The Now World

November 14, 2018

As we discussed yesterday, the world is always changing. But in the past couple of years, there has been a growing sense that the changes we’re seeing now go beyond what is normal. From an investment and economic perspective, it seems these changes might be getting systemic enough that, over the next decade or so, it really will be different this time. To understand what might happen next, though, it is important to understand where we are starting from—as the next world will inevitably evolve from the now world.

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Moving from the New World to the Next World

November 13, 2018

Now that I am back from the Commonwealth National Conference, I want to spend the next week or so outlining the ideas behind my speech there. The genesis of my presentation was the hundreds of conversations I had with financial advisors and clients over the preceding months. All had different questions and concerns—ranging from whether the U.S. was inevitably declining to whether the U.S. was the only safe place to invest. But over time, a common core concern emerged: the sense that somehow things were changing, as well as the growing worry that the answers we have relied on no longer fit in the new world we are moving into.

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Monday Update: Producer Prices Up on Rising Energy Costs

November 12, 2018

Last week was a busy one on the economic front, with looks at business prices and confidence, as well as consumer confidence. This week’s data starts with prices and whether inflation is picking up.

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