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

Markets & Economic Update for June 2023: Economic Uncertainty Persists

June 8, 2023
David Lundgren, CFA®
David Lundgren, CFA®

Each month, senior leaders of Hancock Whitney's Asset Management team discuss the latest news and events that impact markets and the economy.

This month:

The debt ceiling crisis has been averted but spending and deficit issues remain. What are the implications for markets and economic growth?

 

Watch and listen to the webinar:

 

Key Takeaways:

  • The labor market continues to be strong while inflation data slowly improves. How does this change the outlook for the Fed? Is another rate hike in the near future?
  • Economic data has softened. Could a recession be on the horizon?
  • Has the banking system stabilized?
  • As we review equities for the month and year, the lack of breadth is glaring.
  • Longer term interest rates are headed back up. Does this trend continue?
  • An abundance of market and economic uncertainty/volatility is concerning to many. How should investors address these concerns?

 

The Hancock Whitney Asset Management team can help guide your portfolio through economic turbulence to achieve your financial goals.

 

Talk to a Private Banker

 

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 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.

Hancock Whitney Bank offers investment products, which may include asset management accounts, as part of its Wealth Management Services. Hancock Whitney Bank is a wholly owned subsidiary of Hancock Whitney Corporation.

Investment and Insurance Products:

NO BANK GUARANTEE NOT A DEPOSIT MAY LOSE VALUE NOT FDIC INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY