Hilltop Securities Inc.’s Post

This morning, the ISM survey of U.S. service managers suggested the largest part of the U.S. economy isn’t slowing quite as much as other sectors. The composite services index rose from 51.4 to 51.5 in August, indicating mild expansion (above 50) for the second straight month while providing a dose of optimism amid signs of a softening economy. Read our latest Economic Commentary by Managing Director Scott McIntyre, CFA here: https://lnkd.in/gzdyQ2xi #HilltopSecurities

The Job Openings and Labor Turnover Survey (JOLTS) indicated U.S. job openings fell from a revised 7.91 million to 7.67 million in July, well below forecast and the lowest level since January 2021. Through July, the ratio of available jobs to active jobseekers is 1.1 to 1, down from a 2 to 1 peak in 2022. It’s increasingly evident that the labor market is suddenly in much better balance. The Fed’s concern is that the imbalance flips to a deficit of jobs as the economy slows in the coming months. Read our latest Economic Commentary by Managing Director Scott McIntyre, CFA here: https://lnkd.in/gZMS-ywd #HilltopSecurities #EconomicCommentary #JOLTS

What a difference a year makes. Economic weakness was expected to materialize by the end of 2023. Many economists predicted a U.S. recession as early as the end of last year. A Bloomberg Economics model even forecast a 100% chance of recession, and a survey of economists showed a 70% possibility. Now, a soft landing still remains possible. In our latest commentary, #HilltopSecurities analysts and strategists explored the next level of inflation’s impact on financial markets and our respective sectors of coverage. Read more here: https://lnkd.in/giQK6XZn Tom Kozlik, Scott McIntyre, CFA, Yaffa Rattner

Tom Kozlik, Head of Public Policy & Municipal Strategy at HilltopSecurities, will take part in a panel discussion hosted by the Chicago Municipal Analysts Society (CMAS) in Chicago. The panel is titled “2024 U.S. Elections and Potential Impact on Muni Investors” and will feature discussions of key topics including potential tax reform, regulatory changes, and economic policies that could shape the municipal bond market. For more information about the organization, click here: https://lnkd.in/gJGBcJsv #HilltopSecurities #Chicago #MuniMarket #MunicipalBond

Happy Labor Day! Today we honor the hard work that builds our nation! #HilltopSecurities #LaborDay

HilltopSecurities is thrilled to announce that Steven Kenny has joined the firm as a Managing Director in Dallas. With his background in the private wealth group, he has worked closely with capital markets, investment bankers, corporate and commercial bankers. “With nearly 40 years of experience in the wealth advisory industry my belief is that there are tried and true keys to success in investing. Markets are dynamic, everlasting in nature and never repeat themselves. Investors will always need unbiased advice to help debunk the sell side machine called Wall Street,” said Kenny. Please join us in welcoming Steven to the Herd! #HilltopSecurities #WelcomeToTheHerd #WealthManagement #WealthAdvisor

We’re thrilled to announce that Danetta Fuller, HilltopSecurities Operations Specialist, has been honored with the President’s Volunteer Service Award for 2023, achieving bronze status for her remarkable community service. This prestigious award recognizes individuals who make a significant impact through their volunteer efforts. Danetta has made incredible contributions through her work with the Cedar Hill Fire Department and the Citizen Fire Academy Alumni Association (CFAA). Over the past year, she has volunteered at numerous community events, promoting fire safety to children and their families. Her contributions also include preparing food baskets for those in need and participating in citywide cleanups. Congratulations, Danetta, on this well-deserved recognition and thank you for your inspiring dedication to making a difference! #HilltopSecurities #EmployeeSpotlight

Another successful day at our Elevate Wealth Management Conference! Attendees of Elevate Day 2 participated in sessions led by industry-leading professionals covering topics such as succession planning and how to bring better value to a client. We hope Elevate 2024 attendees have enjoyed networking and learning how to build their business and bring a higher value to their clients. Here’s to a great final day! Jeff Bush Chris Jeppesen #HilltopSecurities #WealthManagement #Elevate