800.375.4646 LOGIN . WHO WE ARE SERVICES OUR TEAM INSIGHTS NEWS CONTACT US The Morning View: November 24, 2021 November 24, 2021 In this morning’s data, Initial Jobless Claims were 199,000 for the week ending on 11/20, much lower than expected and could be impacted some by holidays, but it is below 200k for the first time since before the pandemic. Continuing Claims were 2,049,000 for the week ending 11/13, a bit higher than expected. Meanwhile, the second reading on GDP for the third quarter came in at 2.1%, which is one tenth higher than the previous reading. Overall, the labor market continues its healing process as initial claims are well below the 300k level seen by most as appropriate for a healthy labor market. However, continuing claims remain above the 1.7M level seen prior to the pandemic and the debate over possible COVID shot mandates could cause additional uncertainty in the labor market in the weeks ahead. While economic growth slowed in the third quarter amidst supply chain issues and the spread of the Delta variant, the current quarter could show a rebound as those concerns abate and companies rebuild inventories, as Wal-Mart discussed on their recent earnings call. Amidst inflation concerns, the propensity and ability of consumers to continue spending will be key for the economy in the months ahead. In all, the 10-year US treasury yield ticks slightly higher and equity futures are lower as we head into the market open. Have a safe and happy Thanksgiving! 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 16, 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