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November Economic Update

November 9, 2017
David Lundgren, CFA®
David Lundgren, CFA®
Welcome to the Hancock Whitney Bank Economic Update. The Investments team provides monthly updates as an informational resource for clients and individuals who are interested in hearing our perspectives on current economic issues.
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Here's what we cover on this month's call:
  • Studies have shown that on average it can take up to 10 years for an economy to recover from financial crisis, and we are now approximately nine years removed from the 2008-09 financial crisis. The past two quarters were strong, and the 3rd quarter GDP came in at 3.0%, despite the impact of the late summer hurricanes. John Portwood discusses “The New Normal” and whether we are getting back to a healthier environment, or if the past two quarters are just a blip. The jury is still out, but it looks like we are headed in the right direction.
  • Many economists believe that productive tax reform could serve as a catalyst for economic growth. The reform plan is an evolving document, and we expect to be talking about it for months to come. Richard Chauvin talks about this bill’s major features, it’s controversial provisions, and its prospects for passage.
  • Tax reform is not the only thing going on in Washington. President Trump nominated Jerome Powell to chair the Federal Reserve. Jeff Tanguis discusses how this new appointment and other open positions will affect markets and the economy.
  • The S&P 500 has been positive every month so far in 2017 – it has been a great run. Greg Hodlewsky talks about the month of October, updates us on 3rd quarter earnings, and gives us an outlook on the remainder of the year.
 
 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.
 
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