Video: Why the housing market could be a big surprise
In his July market report, Brad McMillan, chief investment officer for Commonwealth Financial Network LLP, says the housing market has the potential to provide the beleaguered U.S. economy with a "real chance for an outside surprise."
In his July market report, Brad McMillan, chief investment officer for Commonwealth Financial Network LLP, says the housing market has the potential to provide the beleaguered U.S. economy with a “real chance for an outside surprise.” He notes that there has been some momentum in the market and if it is sustainable it would be significant for three reasons: Housing tends to lead recoveries, it provides jobs for the unemployed and it is a significant multiplier for the wealth effect.
Watch the video for more of McMillan’s analysis, including his thoughts on Europe and the bond market.
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