BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 mbartlett@argenttrust.com
In the data released this morning, Initial Jobless Claims were at 213,000 for the previous week, lower than forecasts. Historically, weekly claims below the 300k level are consistent with a firm labor market and stable economy. Claims have remained in the low 200k range since early 2018 and have not been above 300k since March of 2015. Strong labor market data coupled with a Federal Reserve remaining patient with rate increases going forward bodes well for a stable economy in the months ahead. Given this backdrop and with earnings season upon us, upcoming earnings results and announcements will be key for the markets in the weeks ahead. In all, equity futures are lower this morning 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. © 2019 Argent Financial.
