The Morning View: November 15, 2018

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

Announced this morning, headline Retail Sales for October grew a healthy 0.8%, above forecasts. The increase was driven by sales of autos, fuel, and building materials. However, the control group, which removes sales from food services, auto dealers, building materials, and gas stations, only grew 0.3% for October, lower than forecasts. The robust headline number gives support for a strong upcoming holiday shopping season, but the lower control group figure hints at weaker economic growth. Meanwhile announced yesterday, the core Consumer Price Index rose 2.1% on an annual basis, moving slightly back toward the stated Federal Reserve target of 2%. Following this morning’s report, bond yields fell slightly and equity futures are mixed heading into the market open.

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.

Latest News & Resources

Insights

Argent Employee Spotlight – Melissa Garner

Argent Employee Spotlight – Melissa Garner

Meet Melissa Garner, who is with Argent Trust in Shreveport and has been with us for 14 years.   Q. What led you to Argent and what makes it unique? A. I came to Argent fresh out of grad school, looking for a company that I could have a career with. I found it! I...

Making a Difference on GivingTuesday

Making a Difference on GivingTuesday

As we enter the holiday season and reflect warmly on our memories of Thanksgiving, many of us are feeling lucky and grateful for the blessings in our lives. Soon we’ll get into the bustle of buying gifts, sending out cards and taking part in other cherished seasonal...

The 30-Year Lesson

The 30-Year Lesson

Any company that has been around for 30 years will have learned a few lessons along the way about what it takes to be successful. And if it is not just surviving after three decades, but thriving, as Argent is, then it should have accumulated a host of lessons....

Interested in speaking with

one of our experts?