Wealth Insights

Portfolio Manager Meeting Notes for 10-25-18: Labor market continues to tighten, home sales fall and government deficit grows.

7.1 million job openings, 6.2 million unemployed, Leading Economic Indicators suggest growth will continue, and interest rates and the Fed top investors worries.

Federal Reserve Chairman Jerome Powell commentary.

The labor market continues to tighten, wages are not showing much momentum, and the nation's trade deficit is deepening.

Personal income rising on wage strength, consumers are translating higher optimism into higher spending, and agricultural prices remain weak.

Jobless claims sink to 49-year low, consumer sentiment is at a six-month high, and household net worth is at an all-time high.