The Morning View from West End: February 9, 2018

Markets remain in flux this morning, as futures have moved between losses and gains following yesterday when the S&P 500 fell 3.75%. While it is likely there will be additional market moves in the days ahead as traders cover their positions, it is important to remember the economy remains on stable ground. With a decent labor market, low unemployment, strong corporate balance sheets, and tax cuts coming, the economy appears in good shape. Furthermore, wage increases announced in last week’s job report have been absent to this point in the cycle and should give consumers more money to spend. While that could lead to higher inflation, it should also give stability to consumer spending, which is close to 70% of the economy. Once the smoke clears from the current markets, it could lead to better days ahead for those with a long‐term view.

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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