The Morning View: December 27, 2018

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

Announced this morning, weekly jobless claims fell by 1,000 to 216,000 for the previous week, as expected. Throughout 2018, weekly jobless claims have remained in the low 200k range. Historically, levels below 300k are considered normal for a healthy economy. The last time we have seen levels near 200k was in the 1960’s, underscoring the firm labor market currently in place. Until the strong labor market leads to higher wages and inflation, the Federal Reserve should have flexibility to moderate their interest rate policy should they choose to do so. In all, equity futures are lower this morning heading into the market open following yesterday’s strong gains.

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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