Wealth Management Lessons from March Madness
Like many of you, this month I’ll be consumed with my favorite annual event, the NCAA basketball tournament. It’s always so exciting when March Madness returns with teams all dreaming of advancing to the Final Four and cutting down the nets as national champions....
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The Morning View: February 3, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, the economy added 517,000 jobs in January, much higher than expected and the previous month was revised higher. The Leisure and Hospitality industry was strong, adding 128,000 jobs, while...
Am I Owed Escheated Funds? The Most Important Question Mineral Owners Don’t Ask
Do you have escheated funds held by the State? This is a question that many mineral owners never consider. Argent Mineral Management’s role is to advocate for our clients and take a proactive approach in our daily management practices. One example of how we do this is...
Argent Financial Group Rings the Opening Bell®
Argent celebrated the formation of our new Royalty Trust division today with a visit to the New Your Stock Exchange to ring The Opening Bell! Our CEO Kyle McDonald had the honor of ringing the bell. Also on the platform were Chris Holtzclaw, Reid Harrel and his wife...
The Morning View: January 27, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, Personal Income increased 0.2% in December, as expected, and is lower than the previous month. Meanwhile, Personal Spending decreased -0.2% in December, slightly more negative than...
Market Perspectives- January 2023
A New Year and a Crystal Ball • The S&P closed 2022 with a loss of 18.1%, the worst year since 2008. Returns year-to-date , have however, provided some temporary investor relief. • Consumer inflation levels continue trending downward following December’s CPI 6.5%...
The Morning View: January 18, 2023
From our colleagues at our sister company, Argent Trust: Announced this morning, Retail Sales for December decreased -1.1%, more negative than expected and a larger decline than the previous month. In the month, Department Stores, down -6.6%, Gasoline Stations, down...
Is the IRS’s Inflation Adjustment a Real-Life Post-Holiday Miracle?
As we exit this holiday season, I bring good tidings of great joy: The IRS is giving, through a new inflation adjustment for taxpayers (Rev. Proc 2022-38), a gift that may make investors’ 2023 a bit more merry and bright. Many investors are aware that a limit exists...
The Morning View: January 12, 2023
From our colleagues at our sister company, Argent Trust: In this morning’s data, the Consumer Price Index decreased -0.1% in December, as expected and lower than the previous month, and grew 7.1% on an annual basis. Monthly prices for Utility (piped) gas service, up...
Market Update -January 2023
Summary of Key Points: One of the worst years on record has drawn to a close. Both equity and bond markets ended the year the way it started December’s performance less than reassuring as bond yields were rising again A slower economy next year is all but certain, a...