Welcome to the Hancock and 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.
Here's what we cover on this month's call:
- Hurricane Harvey took a devastating toll on Texas and Southwest Louisiana, and our thoughts are with those affected. David Lundgren kicks off the call by talking about Hurricane Harvey and the economic effect that it had on the areas affected and throughout the country.
- The second quarter GDP increased in a revised report, up from 2.6% to 3.0% -- much higher than expected. In the beginning of the third quarter, things are looking promising. John Portwood gives his thoughts the remainder of the third quarter and how we may look going into the fourth quarter.
- Tax reform has the potential to boost growth through a fiscal package that provides relief for corporations and individuals. Richard Chauvin gives an update on meaningful tax reform and its effect on the growth of the economy.
- The markets have mostly been subdued, with interest rates holding well. Jeff Tanguis gives us an insight on the bond market and if there is a need for fear or concern about the future.
- The S&P 500 has remained flat and small cap stocks were only down slightly. Steve Solomon gives his thoughts on the stock market and where he sees things going from here.
Click the "play" arrow below to listen to the recorded session and learn more:
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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 Whitney Bank. 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. Whitney Bank encourages you to consult a professional for advice applicable to your specific situation.
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