Expect Some Volatility and Pullbacks
CNBC—Hank Smith, Co-Chief Investment Officer, joined host Brian Sullivan on CNBC’s Worldwide Exchange to discuss market volatility, bond yields, and the outlook for a U.S. or global recession. Click to view clip
Stocks Just Had Their Second Best Day of the Year – Dow Rallies More Than 500 Points
CNBC—“We’re in for a choppy summer,” Hank Smith, Co-Chief Investment Officer, told CNBC in an article discussing the state of the market. Click to read article
DowDuPont is Heading for a Historic Split. Early Results Have Been Poor. Will These Massive Spin-offs Work?
Philadelphia Inquirer—“They are taking $3 billion in costs out of the combined companies,” dividends are high, “and yet the underperformance, it’s been painful,” Hank Smith, Co-Chief Investment Officer, said of DowDuPont in a Philadelphia Inquirer article on the company spin-off. Click to read article
UPS Stock is Poised to Deliver. Here’s Why.
Barron's—Hank Smith, Co-Chief Investment Officer, talked valuation and competition in a Barron’s article on UPS stock. “UPS’ valuation used to be at or above the market, and it’s now below the market multiple,” observed Smith. “It fits very well with investors looking for a better-than-market yield.” Click to read article
The Market has the Fed Trade Wrong, Next Move Will Be a Hike: CNBC Survey
CNBC—John Donaldson, Vice President and Director of Fixed Income, weighed in on the likelihood of a rate hike in the most recent CNBC Fed Survey. “The most likely course is no policy action, neither a cut nor an increase. Therefore, bond yields are likely near the low end of their trading range for the year,” Read More →
The Philadelphia Business Journal’s 2019 Forty Under 40
Philadelphia Business Journal—David Peppard, Vice President & Portfolio Manager, was named to the Philadelphia Business Journal's 2019 Forty Under 40. David was chosen from nearly 400 nominees for this honor, which recognizes current and future leaders, under the age of 40, who are proven performers in their respective industries and communities. Click to read article Read More →
Share Rally Cools as Trump Turns Trade Heat on Europe
Reuters—Uncertainty over tariffs and trade between the United States and China have dented business confidence and led corporate investment to dry up, Hank Smith, co-chief investment officer, told Reuters. “Business investment is now being put on hold because of the uncertainty around tariffs,” he said. Click to read article
U.S. Economic Growth is Likely to Slow Sharply This Year and Next
CNBC—Co-CIO Hank Smith weighed in on CNBC’s Fed Survey, "If Trump wants to be a two-term president, he needs to make a China trade deal and start lowering tariffs across the board. This will cause business confidence to rise and capital spending to increase, stimulating the economy." Click to read article
GE Reset, Global Economy View, Facebook Content
Bloomberg Radio—Hank Smith, Co-Chief Investment Officer, spoke about the macro issues affecting the market environment in an interview on Bloomberg Businessweek. Click to listen to the show
Own Your Financial Literacy
Heels of Success—On the heels of International Women’s Day, President Binney Wietlisbach was interviewed by the President and CEO of Children’s Hospital of Philadelphia, Madeline Bell, about the importance of women taking a more active role in their financial security. “I always tell men and women that managing your finances is not a responsibly you Read More →
