"Volatility is a normal part of any bull market…really it’s quite normal," Hank Smith, Haverford's Co-CIO, explained on CNBC’s Squawk Box regarding the recent market unrest. “Our banking system is in excellent health…there aren’t broad-based problems...,” Smith continues in the segment.
Philadelphia Inquirer -- Ouch! That was painful, but overdue. A combination of the U.S.-China trade spat, higher interest rates, lack of earnings announcements, and a hurricane all proved convenient excuses for what is a natural, technical pullback in the stock market Wednesday, said portfolio managers in Philadelphia...Haverford Trust co-chief investment officer Hank Smith quantified the tremendous [...]
RADNOR, PA – AUGUST 9, 2018 – The Haverford Trust Company, a private firm providing portfolio management, trust and estate administration, banking services, financial planning, solutions for nonprofits, and retirement plan services, recently introduced Bryan Tracy, Certified Financial Planner™ as Vice President and Director of Financial Planning. Tracy joins Haverford with extensive experience in [...]
CNBC - Hank Smith, Co-Chief Investment Officer, told CNBC, "bull markets ... don't die because of geopolitical or exogenous events. They die and cede to a bear market almost always in anticipation of a recession." Click to view clip
CNN Money - "Trump is still bullish," explained Hank Smith, Co-Chief Investment Officer at Haverford Trust, "because he thinks earnings should be able to grow at a healthy pace if he does wind up having a pro-business agenda." Read More
Last Week: S. equities finished positive for the week: The Dow Jones Industrial Average (DJIA) closed 201 points higher, or rose 1.0%, to 19,964. The Standard & Poor's 500 (S&P 500) index gained 38 points, or rose 1.7%, to 2,277. The Nasdaq closed last week 2.6% higher at 5,521. S. payrolls gain: In December, U.S. [...]
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We are excited to announce that Inside Golf, an award winning weekly magazine-style show hosted by longtime KYW News Radio anchor Harry Donohue, aired a special 1-hour edition featuring the Haverford Philadelphia PGA Classic. The crew was onsite last month capturing all of the action from Sunnybrook. This special is a tremendous opportunity to showcase [...]
Markets worldwide have fallen significantly in the wake of the U.K.'s vote to leave the European Union. This is obviously a very fluid situation, but we wanted to reach out this morning to share our initial thoughts. The vote to leave the E.U. was a surprise. In fact, stock markets across the world rose in [...]