Market Update: June 25, 2018

BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611   mbartlett@argenttrust.com

After last week’s volatile moves, the markets are again selling off today as escalating trade tensions come into greater focus. The S&P 500 has fallen 1.48% (41 points) and the Dow Jones has fallen 1.45% (355 points) so far in today’s trading. Uncertainty over trade restrictions as well as the impact of tightening by the Federal Reserve are the primary drivers.

However, it is important to keep this uncertainty in context. Tax relief, which is making its way into the economy should help to offset some of the impact of both trade tensions and tighter interest rate policy. Additionally, the Federal Reserve is taking their time with rate increases, since inflation remains at manageable levels and balance sheet reduction is occurring in the background; unlike previous cycles where more aggressive tightening was appropriate. Additionally, both trade policy and interest rate policy can change, as negotiations and meetings happen in the months ahead.

In all, while markets can be volatile, we believe these events stress the importance of a long‐term view and an appropriately allocated, diversified portfolio.

 

This information has been prepared by Argent Trust to highlight issues which may be of interest to the recipient and is not intended as legal, investment or tax advice. You are urged to seek legal, tax and accounting counsel for your particular situation before acting on topics discussed here. At Argent Trust, we assist our clients in managing and enhancing their wealth. Please call us at 615.591.0044 with questions or to schedule a meeting. © 2018 Argent Financial.

About

Argent Financial Group

Celebrating its 30th anniversary in 2020, Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $30 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trust and estate administration, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.

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