Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for May. It was a good month, continuing the recovery from the pullback we saw at the start of the year. In the U.S., markets were up almost across the board. Consumers continue to spend, and businesses remain confident – with manufacturing doing particularly well. Plus, the government is contributing to this growth by cutting taxes and spending more. When we look at emerging and developing markets, however, it’s a different story.

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