Markets and Economic Update for May 2019

David Lundgren, CFA, May 14, 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

 

Richard Chauvin discusses the possibility of a near-term United States-China trade deal and how the President’s threat of higher tariffs over more goods could affect the economies of both countries. Additionally, the planned trade deal between the United States-Mexico-Canada appears to be in jeopardy with Congress split along partisan lines.

 

Predicting economic trends for the first quarter was difficult given weather disruptions and the government shutdown; however Paul Teten reviews some encouraging economic growth patterns that have recently emerged.  While there are several potential headwinds, including trade issues and slower global growth, we still think it is likely 2019 will produce growth in the 2-2.5% range.

 

Jeff Tanguis describes how the Federal Reserve feels confident regarding its assessment of the economy leading to interest rates remaining steady. However, there is reason for caution due to a potential spill-over effect from the global economy.

 

Martin Sirera discusses how stocks performed in April, how they've been on an impressive recovery so far in 2019, and considers prospects for continued positive, albeit muted, trends for the rest of the year.

 

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