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Markets and Economic Update for August 2019

August 15, 2019
David Lundgren, CFA®
David Lundgren, CFA®

Welcome to the Markets and Economic Update, provided by the Hancock Whitney Asset Management team as an informational resource for clients and individuals who are interested in hearing our perspectives on current economic issues.


   Markets and Economic Update


We begin with a discussion of how President Trump's announcement of a 10% tariff on Chinese goods caused market volatility, which lead to an immediate retaliation from China that caused even more market havoc.


Trump stunned China and went against his advisors by announcing his intention to place a new 10% tariff on all remaining Chinese goods, says Richard Chauvin, CFA. Although China cannot match U.S. tariffs dollar-for-dollar, they can devalue their currency, increase their own tariff rate, and restrict access to goods which are difficult to source elsewhere, such as rare earth elements.  


Paul Teten, CFA discusses how global growth is slowing as result of trade frictions, and while the U.S. economy has slowed from last year’s firm pace, it remains healthy, fully-employed and growing at a modest rate.


Martin Sirera, CFA recommends caution for the near to immediate future due to increased volatility as trade wars and global growth concerns have equity investors feeling uneasy.


Eric Reynolds explains how the market tolerated a 25 basis point reduction from the Fed as the S&P 500 continues to perform at a high level in the U.S.


Click the "play" arrow below to listen to the recorded session and learn more:   

historical library of previous calls is available.
The information, views, opinions, and positions expressed by the author(s), presenter(s) and/or presented in the article are those of the author or individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Hancock Whitney Bank. Hancock Whitney Bank makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented. This information is general in nature and is provided for educational purposes only. Information provided and statements made should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice.  Hancock Whitney Bank encourages you to consult a professional for advice applicable to your specific situation.
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