---
title: Market Thoughts for September 2022 [Video]
description: In his latest Market Thoughts video, Commonwealth CIO Brad McMillan says despite a market pullback in August, the economic news remained positive.
---

[The Independent Market Observer | Outlook. Opinion. Insight.](https://blog.commonwealth.com/independent-market-observer)

# [Market Thoughts for September 2022 \[Video\]](https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-september-2022-video)

 Written by [Brad McMillan, CFA®, CFP®](https://blog.commonwealth.com/independent-market-observer/author/brad-mcmillan-cfa-caia-mai) | Sep 2, 2022, 2:52:48 PM

After a strong rebound in July, markets pulled back again in August. U.S. and developed international markets ended the month down by 3 percent to 5 percent, and fixed income declined. The primary driver here was rising rates. Higher rates provide for lower stock market values, and with fears of a recession taking down expected earnings, the market had a double whammy. Still, there was good economic news. Job growth beat expectations, and consumer and producer inflation showed signs of peaking.

 Are there risks ahead? Stay tuned to my latest [Market Thoughts video](https://player.vimeo.com/video/745781401) to find out.

 

[View full post](https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-september-2022-video)

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