Fall Market Outlook: What's Driving the Markets? By: Tim Hoyle, CFA, Chief Investment Officer The stock and bond markets have been propelled along their current course by rapidly rising interest rates, inflation, and falling economic expectations. Below we address how we expect these important market drivers will develop in the coming months. U.S. Read More →
By: Tim Hoyle, CFA, Chief Investment Officer Levi Strauss & Co. was spot on with their 1980’s ad campaign “Quality Never Goes Out of Style.” Unfortunately, when it comes to stock prices, sometimes Quality does underperform. Jason Zweig’s recent WSJ article, When Bad Things Happen to Good Stocks[1] , accurately highlighted the current struggles Read More →
In today's HaverCast, Vice President & Fixed Income Portfolio Manager John Derderian, CRCP, discusses current events in the municipal bond universe and the strong tax revenue that we have seen this year. John will explore the current shape of state and local government credits and the construction of client municipal bond portfolios. Click below Read More →
Sticky Inflation Rains on the Market By: Tim Hoyle, CFA, Chief Investment Officer “The nicest thing about rain is that it always stops. Eventually.” - Winnie the Pooh On Tuesday, markets suffered their worst one-day decline in more than two years. The S&P 500 fell 4.3% and the Nasdaq declined 5.2%, while the Read More →
By: Tim Hoyle, CFA, Chief Investment Officer On a nostalgic whim, I recently stopped in a Ford dealership to check out the Ford Bronco. I will always vividly remember the weekend adventures in my dad’s Bronco. When I arrived at the dealership, there were no Broncos on the showroom floor. I was told by Read More →
By: Maxine Cuffe, CFA, Vice President & Director of Global Strategies Judging from the 16% rally in the stock market off the June lows, investors appear hopeful that we’re past the peak in inflation. Certainly, there was some good news in last week’s Consumer Price Index (CPI) data, but there’s still a way to Read More →
The Markets Expect a Fed Pivot By: Tim Hoyle, CFA, Chief Investment Officer July was the best month of the year so far with the S&P 500 increasing by 9% and the Nasdaq 100 increasing by 12%. This may come as little solace to investors enduring this bear market. Even after July’s gains, the Read More →
Drinking from a Fire Hose By: Tim Hoyle, CFA, Chief Investment Officer Market participants and bystanders alike are drinking from the proverbial firehose this week. Unfortunately, it won’t help with this nationwide heatwave. More than 170 S&P 500 constituents will report earnings this week, including the index’s four largest companies: Apple, Microsoft, Alphabet, and Read More →
Is the U.S. currently in a recession? When might rising inflation rates subside? How is Haverford Trust constructing portfolios in an effort to protect against down markets? The Haverford 2022 Midsummer Outlook is now available for on-demand viewing. These segments address questions and topics our clients most frequently want to discuss. Click below for Read More →
Bryan Tracy, CFA, CFP® Vice President & Director of Financial Planning Whether you are in the market to buy a house or not, you are likely aware that housing prices remain sky-high. With low housing inventories and demand outweighing the limited supply, we are currently experiencing the highest annual rate of price growth in Read More →
