2018 Midyear Outlook Invite-Trust

2018

A U.S. economy operating at nearly full employment combined with an overall favorable business climate will continue to drive economic expansion into 2019. What will happen as this expansion continues to progress? As the balance of the year unfolds, we will hear plenty of competing economic media stories, including positive narratives on global growth, continued robust U.S. employment rates, the potential for real wage increases and subdued inflation. Offsetting these favorable influences could be growing international trade friction, continued high equity valuations, more interest rate increases and domestic political struggles culminating in the midterm U.S. elections. All these factors may make for an interesting financial drama to unfold. Get a handle on what may come in the second half of the year. Commerce Trust Company’s Chief Economist Scott Colbert, CFA, Director of Investment Strategy Joe Williams, CFA, and Director of Investment Research Barbara Turley, CFA, sort out the key influencing forces for all interested clients and their guests in this informative webcast event. MIDYEAR INVESTMENT UPDATE WEBCAST Is there an expiration date on the current economic recovery?

WEBCAST PRESENTERS:

JOE WILLIAMS, CFA Commerce Trust Company Director of Investment Strategy

SCOTT COLBERT, CFA Commerce Trust Company Chief Economist and Director of Fixed Income

MIDYEAR INVESTMENT UPDATE WEBCAST JULY 19, 2018 | 10:30AM (CT)

To view the webcast, visit https://zoom.us/j/204536924 To listen by phone only, call (669) 900-6833; Pass Code: 204 536 924 Webinar can be viewed on PC, Mac, iPhone or Android devices. The Zoom app is required when viewing on mobile devices. A recording of the webcast will subsequently be posted under News and Insights on www.commercetrustcompany.com.

BARBARA TURLEY, CFA Commerce Trust Company Director of Investment Research

Disclaimer Past performance is no guarantee of future results and the opinions and other information in the Midyear Investment Update Webcast is as of July 19, 2018. The Midyear Investment Update Webcast is a special teleconference designed to provide general information for Commerce Trust Company clients and is reflective of the opinion of the senior investment management committee. Information or data from third parties is considered to be from reliable sources but is not guaranteed. Commerce does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situations.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

Wealth | Investments | Planning Commerce Trust Company

Commerce Trust Company is a division of Commerce Bank.

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