<img height="1" width="1" src="https://www.facebook.com/tr?id=852282609072225&amp;ev=PageView%20&amp;noscript=1">

Markets and Economic Update for March 2019

March 8, 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

 

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:  

 
 
A 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.
 
Investment and Insurance Products:
NO BANK GUARANTEE NOT A DEPOSIT MAY LOSE VALUE NOT FDIC INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
 

Related Topics:

CFO, News, Texas, Mississippi, Louisiana, Wealth Management, Alabama, Commercial Banking, Florida, Business Leader
Return to Insights

Related Posts

She Is...Looking Forward: New Orleans native Liz Hefler embraces new Hancock Whitney leadership role and continued community service

Liz Hefler reached a bit of a crossroads during her time as an economics major at the University of Virginia.

Like many of her classmates, Hefler strongly considered working in the investment sector after graduation. But, a less-than-ideal internship experience made her question that career path and wonder what was next.

“My parents wanted me to come back to New Orleans and encouraged me to pursue a career in traditional finance,” she recalled. “I followed that advice and started at Hancock Whitney right after I graduated. At the time, I thought I would eventually leave to work in a different industry. But, at Hancock Whitney, I was surrounded by a great group of mentors and teammates, plus clients who were entertaining and fun. Twenty years later, I’m still here and I still love it.”

The Dream of Financial Prosperity and How We Are Supporting Our Communities in Achieving It

As we honor the legacy of Dr. Martin Luther King Jr., and reflect on his dream of a more equitable society, it is crucial to acknowledge the persistent challenges that the Black community faces, particularly in achieving financial wellness and building generational wealth. The racial wealth gap remains a stark reality, underscoring the need for concerted efforts to foster economic empowerment and uplift Black Americans across the country.

All Posts

Hancock Whitney Bank, Member FDIC and Equal Housing Lender Logo Equal Housing Lender. All loans and accounts subject to credit approval. Terms and conditions apply.

Hancock Whitney and the Hancock Whitney logo are federally-registered trademarks of Hancock Whitney Corporation. Copyright © 2024 Hancock Whitney Bank.
Back to Top