The Morning View: November 20, 2018

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

Announced this morning, Housing Starts in October were 1.23 million, matching forecasts. In addition, Building Permits were 1.26 million, also in line with expectations. Housing Starts were driven by an increase in the South and multifamily homes. Affordability remains an issue, as mortgage rates are now near 5% for a thirty year loan. However, higher wage growth amidst a firm labor market is giving consumers some ability to handle it. Markets remain volatile as investors are focused on concerns over trade and weakness in certain technology companies that were higher earlier in the year. In all, equity futures are lower heading into the market open. We wish everyone a safe and Happy Thanksgiving!

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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