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Market Perspectives- June 2023

A Stealth Goldilocks Market • The FOMC (Federal Open Market Committee) hit a pause on a June rate hike, but the odds-on favorite prediction for next month is a 25 basis point hike. • Following ten consecutive rate increases, Fed funds rates are now above the U.S....

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Post-FOMC Thoughts – A hawkish pause, but 2 more hikes!?

The Decision After hiking the U.S. Fed Funds rate at 10 consecutive meetings, today, Fed Chair Powell announced that it was time to hit the pause button. As a result, Fed Funds will remain (for at least the next 6 weeks) in the 5.00-5.25% range. The decision to remain...

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The Morning View: June 13, 2023

From our colleagues at our sister company, Argent Trust: https://player.vimeo.com/video/835825868?badge=0&autopause=0&player_id=0&app_id=58479 Announced this morning, the Consumer Price Index increased 0.1% in May, as expected and three-tenths lower than...

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The Morning View: June 8, 2023

From our colleagues at our sister company, Argent Trust: https://player.vimeo.com/video/834415722?badge=0&autopause=0&player_id=0&app_id=58479 Announced this morning, Initial Jobless Claims were 261,000 for the week ending June 3rd, much higher than...

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Market Update -June 2023

A Month At-A-Glance The S&P 500 managed a 0.4% gain despite concerns a deal might not be struck to increase the debt ceiling. The hype around artificial intelligence sent some growth stocks significantly higher. Market narrowness has reached historic levels—with a...

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Reducing Equities in Asset Allocation Targets

The Argent Allocation Strategy Committee recently decided to move to a slightly underweight position for equities in asset allocation targets. The decision considered the attractiveness of other asset classes relative to equities, mixed economic data, restrictive...

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The Morning View: June 2, 2023

From our colleagues at our sister company, Argent Trust: https://player.vimeo.com/video/832645685?h=51a4c51742&badge=0&autopause=0&player_id=0&app_id=58479 In this morning’s data, the economy added 339,000 jobs in May, again more than expected and the...

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The Morning View: May 26, 2023

From our colleagues at our sister company, Argent Trust: https://player.vimeo.com/video/830576244?h=cda3003224&badge=0&autopause=0&player_id=0&app_id=58479 Announced this morning, Personal Income grew 0.4% in April, as expected. Personal Spending grew...

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