The Morning View: September 19, 2018

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

Announced this morning, there were 1.28 million Housing Starts in August, a 9.2% increase over the previous month. Slightly higher than estimates, the strength was driven partly by apartments and multi‐family homes. Also this morning, Mortgage Applications grew 1.6% from the previous week, the first increase in four weeks. While housing is only about 4% of GDP, it can affect consumer spending and investment, which are larger parts of the economy. Given this data, the Federal Reserve likely remains on track with their plan for measured interest rate hikes in
the months ahead. In all, equity futures are a touch lower 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

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....

The Morning View: November 17, 2020

The Morning View: November 17, 2020

Morning View - November 17, 2020 from Argent Financial on Vimeo. BY: MARSHALL BARTLETT Senior Vice President / Portfolio Manager Announced this morning, Retail Sales for October increased 0.3%, less than expected.  Strength in the month occurred in Non-store retailers...

Interested in speaking with

one of our experts?