BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 mbartlett@argenttrust.com
Announced this morning, the final reading on GDP growth in the fourth quarter 2017 was 2.9%. This was higher than the previous reading of 2.5%, given slight adjustments to consumer spending, nonresidential fixed investment, and inventories. Hopefully, growth can continue throughout 2018 amidst lower taxes and expected gradual interest rate increases by the Federal Reserve. Meanwhile, markets have been volatile, in part reacting to noise out of Washington. Upcoming first quarter earnings reports should help focus investors on company fundamentals in the weeks ahead. In all, equity futures are mixed this morning heading into the market open.
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