Markets and Economic Update for March 2019

David Lundgren
March 8, 2019

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

 

Paul Teten gives us a review of the economy. As of Thursday, February 28, the Commerce Department reported 4th quarter 2.6% GDP growth. It should be noted that the report was late because of the government shutdown.

Richard Chauvin talks about investor optimism surrounding the prospects of a trade deal between the U.S. and China in the near term. The Trump administration seeks a deal that is enforceable, addresses forced technology transfers, protects intellectual property, and meets other requirements. Progress is lacking in some of these areas, and time is not on the administration’s side. The President needs a deal soon to bolster his reelection chances.

Greg Hodlewsky describes how February was a good month for stocks with strong domestic growth. The technology sector dominated with a 7% return for the month, trailed by utilities and industrials.

Eric Reynolds tells us that 10-Year Treasury rates are up about 35 basis points in the last three years and are up another 5 basis points in 2019. Long-term rates are stable with a glacial upward drift. In contrast, short-term or 2-Year Treasury rates are up about 160 basis points over the last three years, but have stopped rising in 2019 because the Fed is now viewed as being on hold.

 

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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