spending down, markets up

Saw this article on spending by "the wealthy" which makes some good points. Little doubt that many folks are somewhat frozen in place in terms of financial decisions given the high level of uncertainty. Despite all of this, the month just ended was true to form and posted the best monthly increase since July 09. As we wrote a few weeks ago, historically July is the best month for the stock market while September is the worst. The month we are starting now is about in the middle.