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 May reports showed signs of continued economic growth. More jobs than expected were added in May, and the labor market recovery remained strong. That said, two indicators we track in this piece, the yield curve and consumer confidence, remained in red during the month, and service sector confidence remained in 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.