The Morning View from West End: April 6, 2018

  • April 6, 2018

Senior Vice President / Portfolio Manager
(615) 591-0611

Announced this morning, the economy added 103,000 jobs in March, lower than the 175k estimated by economists. The unemployment rate held steady at 4.1%. A gauge on wages, average hourly earnings increased 0.3% for March and increased 2.7% on an annual basis, as expected. A lower headline number than previous months coupled with expected wage growth suggests the Federal Reserve should remain on track with their measured rate increases in the months ahead.

In addition, trade tensions are continuing between the U.S. and China, as the White House is considering an additional $100 billion of tariffs on Chinese imports. China responded indicating they will combat these “at any cost.” As we head into the first quarter earnings season, market volatility is likely to continue until the uncertainty created by these trade tensions dissipates. In all, equity futures are lower this morning heading into the market open.

The Morning View from West End: April 6, 2018

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