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Markets & Economic Update for October 2023: The Summer of Strikes

October 5, 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:

A government shut-down is averted for now, but will we face the same dysfunction in six weeks? And, how have the various strikes this year affected the economy?


Watch and listen to the webinar:



Key Takeaways:

  • It has been the Summer of Strikes – United Auto Workers, Writers and Actors, and most likely 85,000 healthcare workers later this week. Some strikes are coming to an end and others are just gearing up. What do we think will happen and how will it affect the economy?
  • Economic and macro outlook: continuing disinflation; economic growth is stronger than people expected and the mild recession scenario has faded away, but will labor force growth continue to ease the labor supply shortage?
  • Is the Fed done raising rates? Possibly one more hike? Will the yield curve flatten next year?
  • Current market review for September and 3Q23: does a stronger economy equal earnings growth?
  • A Russia/Ukraine update.
  • Which of the major asset classes are more attractive to investors today, and why?


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