The U.S. economy is officially in the longest economic expansion ever, breaking the previous record of 120 consecutive months. The U.S. national unemployment rate remains at 3.7%, and according to the Bureau of Labor Statistics, in July, the U.S. reached a record of 157,280,000 employed individuals. Consumer spending increased, which made up for the weakness in businesses investment, housing and U.S. exports. This helped propel gains in the domestic equity markets, as the S&P 500 climbed to a year-to-date return of 20.2%. International markets didn’t fare as well, as both the MSCI EM and MSCI EAFE indices pulled back in July, bringing their 2019 returns to 9.2% and 12.6% respectively.
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and RWS Financial Group, LLC are not affiliated. This communication is strictly intended for individuals residing in the states of AL, AK, AR, AZ, CA, CO, CT, DE, DC, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY. No offers may be made or accepted from any resident outside the specific states referenced.
© Copyright – RWS Financial Group