Post-FOMC Thoughts
The Decision After pausing briefly in June, the FOMC decided to execute another rate hike at their meeting in July, which brought the Fed Funds rate to its present range of 5.25 – 5.50%. Speeches by FOMC members leading up to today’s announcement confirmed a bias...
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The Morning View: August 24, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, Initial Jobless Claims were 230,000 for the week ending August 19th, less than expected and a slight decline from the previous week. Continuing Claims were 1,702,000 for the week ending...
The Morning View: August 15, 2023
From our colleagues at our sister company, Argent Trust: In this morning’s data, Retail Sales for July increased 0.7%, higher than expected and higher than the previous month. Monthly sales for Non-store retailers, up 1.9%, were strong while monthly sales at...
Rethinking Retirement: Embracing the New Era of Financial Freedom
BY: DAVID RUSSELL, CFP®, CSA® Vice President & Trust Officer | (601) 707-0008 Originally published in NorthsideSun.com August 5, 2023 In the fast-paced world of the 21st century, the concept of retirement has undergone a profound transformation. As we navigate the...
The Morning View: August 11, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, the Producer Price Index (PPI), which measures costs faced by companies that produce products and services rather than costs the consumer bears, increased 0.3% in July, slightly higher...
Market Perspectives-August 2023
Testing Market Resilience • Last month, 87% of the S&P stocks were over their 50-day moving average. As of August 20th, the number of stocks still holding above their 50-day moving average slipped to 33%. • According to Ned Davis research, interest payments on...
Market Update -August 2023
The Month At-A-Glance U.S. stocks and global equities continued their winning ways in July. The S&P 500 gained 3.2%, developed international stocks were up 3.2%, emerging markets returned 6.2%, and the Russell 2000 gained 6.1%. Hope grew for an economic “soft...
The Morning View: August 4, 2023
From our colleagues at our sister company, Argent Trust: In this morning’s data, the economy added 187,000 jobs in July, a bit less than expected and the previous month was revised lower. The Health Care and Social Assistance industry was again relatively strong,...
Retirement Times August Newsletter
August 2023 This month's Retirement Times discusses the following: Employees Want Financial Planning Support — and Aren’t Afraid to Ask for It Retirement Planning Assistance: A Must-Have Benefit SECURE Act 2.0: Key Changes for 2024 Participant Corner: Risk-proofing...
The Morning View: July 28, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, Personal Income grew 0.3% in June, less than expected with the previous month revised higher. In addition, Personal Spending grew 0.5% in June, more than expected and higher than the...