The Morning View: October 8, 2020

In this morning’s data, Initial Jobless Claims were 840,000 for the week ending October 3rd, above forecasts and only a slight decrease from the previous week’s revised figures. Continuing Claims were 10,976,000 as of September 26th, lower than expected and also lower than the previous week’s revised figures. Overall, claims continue to show some difficulty in the labor market, especially when coupled with last week’s mixed jobs report. Given the continued effects of COVID-19, there are still large portions of the economy that are not yet back to normal, such as the Travel and Leisure & Hospitality industries. It may take time for the labor market to improve to levels seen before COVID-19 until people begin traveling more and creating some demand in related industries. In all, bond yields are little changed and equity futures are higher as we head 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

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

Estate Planning for After the Election

Estate Planning for After the Election

U.S. Election day outcome could result in significant changes to current tax policies   There is truth in Founding Father Benjamin Franklin’s famous quote written in a letter  to a friend, “… but in this world, nothing can be said to be certain, except death and...

What Lies Beneath: Managing Mineral Wealth

What Lies Beneath: Managing Mineral Wealth

Whatever one thinks about fossil fuels, mineral resources such as oil and natural gas are important sources of wealth for property owners who acquire it.   BY: Tom Burroughes, Group Editor  |  Family Wealth Report Originally published at fwreport.com on October...

Dynamic Financial Planning and Mid-Life Transitions

Dynamic Financial Planning and Mid-Life Transitions

THIS ARTICLE IS THE THIRD IN A SERIES IN CELEBRATION OF NATIONAL FINANCIAL PLANNING MONTH DURING OCTOBER Our first article discussed the importance of financial planning, and our second article explored how middle-aged couples can benefit from a dynamic financial...

Interested in speaking with

one of our experts?