800.375.4646 LOGIN . WHO WE ARE SERVICES OUR TEAM INSIGHTS NEWS CONTACT US The Morning View: November 16, 2021 November 16, 2021 Announced this morning, Retail Sales for October increased 1.7%, higher than expected and higher than the previous month. Non-store retailers, Gasoline Stations, and Electronics & Appliance stores were strong during the month, while Health & Personal stores were weak. Food Services & Drinking places were again flat in the month. The Control Group, which is a closer measure of the inputs for GDP that excludes sales for food, autos, building materials, and gas stations, increased 1.6% in October, also higher than expected. Meanwhile, Wal-Mart announced results with comparable sales increasing 9.2%; and Home Depot’s announced results with same-store sales growing 6.1%, amidst persisting demand for home improvement. Overall, decent retail sales figures even when considering inflationary pressures, with consumers purchasing goods and fuel throughout the month. With strength in electronics, it suggests some holiday spending may have been pulled forward, possibly due to concerns about availability amidst supply chain issues. Positive comparable sales figures from large retail firms reinforce the results, even with waning consumer sentiment figures. In all, the 10-year US treasury yield ticks higher and equity futures are mixed as we head into the market open. This material is intended to be for informational purposes only and is intended for current or prospective clients of Argent Trust Company. This information is obtained from sources believed to be reliable, and its accuracy and completeness are not guaranteed. Information does not constitute a recommendation of any investment strategy, is not intended as investment advice, and does not take into account all the circumstances of each investor. Forward-looking assumptions are Argent Trust Company’s current estimates or expectations of future events or future results based on proprietary research and should not be construed as an estimate or promise of results that a portfolio may achieve. Actual results could differ materially from the results indicated by this information. Investments can go down as well as up. Past performance is not a reliable indicator of future results. ABOUT Argent Financial Group Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $35 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trust and estate administration, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930. LEARN MORE LATEST NEWS & RESOURCES Insights The Morning View: November 24, 2021 Argent Employee Spotlight – David Franks Uncategorized National Philanthropy Day: A Day To Appreciate Both The Giver And Receiver Women | Wealth | Wellness VIEW MORE ARGENT INSIGHTS Interested in speaking with one of our experts? GET IN TOUCH SERVICES FOR Individuals & Families Businesses Institutions LOCATIONS CAREERS LINKS Disclosures Annual Tax Disclosures Privacy Policies Identity Theft USA Patriot Act Notice Site Map © 2020 Argent Financial I All rights reserved I Disclaimer I Privacy Policy Share This