The Morning View: November 15, 2019

BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager


In this morning’s data, Retail Sales for October rose 0.3% slightly higher than the 0.2% expected. Strength was seen in autos and non-store retailers. The Control Group, which excludes sales for food, autos, building materials and gas stations, also rose 0.3% in October, matching forecasts. However, the control group for the previous month was revised lower to -0.1%. Overall, even with the previous month revised lower, consumers continue to carry the load for the economy as the manufacturing sector and business investment have waned in recent months. Uncertainties surrounding trade negotiations, impeachment hearings, the upcoming election, and “Brexit” will likely continue to weigh on the minds of business leaders in the months ahead. As a result, the  consumer will remain in focus, especially as we head into the holiday season. In all, bond yields have ticked slightly lower following the report and equity futures are higher heading into the market open.

This material is intended to be for informational purposes only and is intended for current or prospective clients of Argent Trust Company. This information is obtained from sources believed to be reliable, and its accuracy and completeness are not guaranteed. Information does not constitute a recommendation of any investment strategy, is not intended as investment advice and does not take into account all the circumstances of each investor. Forward‐looking assumptions are Argent Trust Company’s current estimates or expectations of future events or future results based on proprietary research and should not be construed as an estimate or promise of results that a portfolio may achieve. Actual results could differ materially from the results indicated by this information. Investments can go down as well as up. Past performance is not a reliable indicator of future results. 

About

Argent Financial Group

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

The Morning View: January 21, 2020

The Morning View: January 21, 2020

Announced this morning, Initial Jobless Claims were 900,000 for the week ending January 16th, and Continuing Claims were 5,054,000 for the week ending January 9th.  Both were decreases from the previous week, but levels remain elevated.  Meanwhile, the European...

The Morning View: January 15, 2021

The Morning View: January 15, 2021

In this morning’s data, Retail Sales for December fell -0.7%, worse than expected.  Non-store Retailers, Electronics & Appliances, and Food Service & Drinking Places were especially weak, while Gasoline Stations showed some strength.  The Control Group, which...

Interested in speaking with

one of our experts?