The Three Things We Learned This Week

Huntington Private Bank® Chief Investment Officer John Augustine says investors enjoyed a sigh of relief after some good news about inflation. He adds that investors’ patience is now being rewarded so far in the third quarter, and that American businesses will need to focus on productivity.

Huntington Private Bank® Director of Investment Management Chad Oviatt discusses the strength of the U.S. economy, particularly the U.S. labor market, which added 528,000 jobs in July. He adds that inflation data suggests some slowing as food and full costs are decreasing, and that 75% of S&P companies releasing Q2 earnings thus far beat expectations.

Huntington Private Bank®, Chief Investment Officer John Augustine discusses the Federal Reserve’s raising of the Fed Funds Rate 75 basis points this week, as expected. He also explains how the economy has contracted two quarters in a row, but adds stocks are getting some support from a better-than-expected Q2 earnings season.

Huntington Private Bank® Director of Investment Management Chad Oviatt discusses how the housing market might be trending toward stability. He says all eyes will be on next week’s Federal Reserve meeting to see if they raise rates by 75 or 100 basis points, and outlines how 70% of S&P companies have exceeded Q2 earnings expectations.

Huntington Private Bank® Chief Investment Officer John Augustine discusses how the International Monetary Fund recently cut its 2023 U.S. economic forecast, how second quarter earnings for large public companies are starting flat, and how markets – commodities, and bonds – are starting to focus on an economic slowdown next year.

Huntington Private Bank® Director of Investment Management Chad Oviatt discusses the Federal Reserve’s June meeting minutes revealing a laser focus on inflation, hawkish tone, and a possibility of rates rising another 75 basis points next month. Listen in as he outlines a resilient labor market, and lowered expectations for Q2 U.S. Corporate earnings.

Huntington Private Bank® Chief Investment Officer John Augustine discusses a tough first half of the year for investors, the potential of commodity prices to offer some inflation relief, and four areas of focus that markets will be watching in July.

Huntington Private Bank® Chief Investment Officer John Augustine discusses how the Federal Reserve presented its newly hawkish stance before Congress, and how business customers are reporting mixed trends, but with one constant them, ‘Help Wanted.’ He concludes speaking about stocks rebounding, while bond and commodity markets soften.

Huntington Private Bank® Chief Investment Officer John Augustine discusses global central banks being committed to price stability, how the risk of a recession is moving higher, and while markets have had a tough week, patience is still warranted.

Huntington Private Bank® Chief Investment Officer John Augustine describes the road to a normal economy as a bumpy one. He says businesses should stay close to forward order books, while investors should keep proper time horizons and be patient.