Risks to financial markets were reduced last week
The concern by investors has been twofold in the last month. First, the risk that the economy was going to slow from the strong second quarter growth was reduced last week with the release of July retail sales . Overall, sales were reported as having increased by a strong 0.5%. The risk that consumption spending would be lower in the third quarter than in the second quarter was reduced by the strong start to the third quarter.
PROBANK AUSTIN ADVISOR - AUGUST 20, 2018