My colleague Sam Millette, director, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam! Let’s take a closer look.
The July reports showed continued economic growth to start the second half of the year. Hiring remained strong in July, marking 31 consecutive months of job growth. Additionally, consumer confidence improved notably during the month, leading to an upgrade from yellow to green. That said, the yield curve remained in red territory, and service sector confidence remained yellow.
Given the mixed results, we have left the overall risk level at yellow for now.
View a breakdown of the risks we’re watching in this SlideShare.