The big news over the weekend was the drone attack on the main oil processing facility in Saudi Arabia. Apparently, the attack significantly affected the nation’s ability to deliver oil, knocking production down by half or more according to some estimates (more than 4 million barrels per day). As I write this, no one knows when the damage will be repaired or when Saudi production will return to normal.

As U.S. markets once again approach new highs—after all the drama and the three separate pullbacks last month—I think it makes sense to try to gain some perspective about what is really going on. Immediately after the markets hit new highs last time around, we had quite a bit of volatility. So, it’s reasonable to wonder what will happen next as we approach these highs once again.

I am working on my talk for Commonwealth’s upcoming National Conference, all about interest rates in the new world. The tagline is going to be “Less Than Zero.” Yesterday, I got an endorsement (sort of) from the president, who tweeted that the Fed should lower rates to zero or even below. Clearly, I got the hot topic right this year!

Today I appeared on CNBC’s Power Lunch to discuss this year’s IPO market. Listen in to learn more.

My colleague Sam Millette, senior investment research analyst on Commonwealth’s Investment Management and Research team, has helped me put together this month’s Market Risk Update. Thanks for the assist, Sam!

My colleague Sam Millette, senior investment research analyst on Commonwealth’s Investment Management and Research team, has helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam!

I don’t normally link to scary stories in the media. But one in particular has generated a number of questions from advisors, clients, and even employees here at Commonwealth.

August was a tough month pretty much across the board, with politics rocking markets around the world. So, what should we expect for September? Let’s take a closer look.

August was a tough month for markets, with fixed income the only bright spot. There was a lot of volatility, with markets down between 4 percent and 6 percent on three occasions. What drove the declines? Politics. The U.S.-China trade war heated up, and the Fed and the White House sparred over rates. Still, the economy remained solid—with consumer confidence high and strong job growth.

Yesterday, we discussed business confidence and concluded that it is better than the headlines suggest. Today, we are going to look at the even more important level of consumer confidence—and whether it may be considerably weaker than it appears.