Tim Hoyle, Chief Investment Officer thoyle@haverfordquality.com Post-Election Optimism As we approach the Thanksgiving holiday, markets are riding a wave of post-election optimism and surprisingly strong economic data has kept the S&P 500 trading near all-time highs. News about the makeup of Trump’s economic team and the balancing of the economic agenda between higher tariffs, Read More →
Tim Hoyle, Chief Investment Officer thoyle@haverfordquality.com Stocks Extend Their Gains in Post Election Rally The U.S. election results were accompanied by a strong stock market rally as political uncertainty was replaced by the prospects of lower corporate taxes and a more benign regulatory regime, albeit accompanied by a host of more risky policy initiatives Read More →
As we reflect on the third quarter of 2024, we are pleased to share our insights and perspectives on the market's performance and Haverford’s economic outlook. The S&P 500 experienced a notable gain of 5.9% during this period, driven by a broadening of the rally beyond the Magnificent 7 and rotation into cyclical and Read More →
Tim Hoyle, Chief Investment Officer thoyle@haverfordquality.com Don't Let Politics Get in the Way of Investing Number 7 of renowned investor Marty Zweig’s Trading Rules states, “Every indicator eventually bites the dust.” Since first compiling and publishing his rules in 1990, he could not have been more right in 2024. Despite the fastest and most Read More →
John Donaldson, Vice President & Director of Fixed Income jdonaldson@haverfordquality.com Crowding Out in the Bond Market, Extinct or Just Dormant? As of September 5, 2024, the total debt of the U.S. Government was $35.3 trillion. That compares to $22.7 trillion at the end of the 2019 fiscal year and $17.8 trillion at the end Read More →
August: In like Bear, out like Bull Tim Hoyle, Chief Investment Officer The month of August began with a near market panic before coming to an optimistic end. The S&P 500 declined 5% in just two trading days in response to double digit declines in Japanese markets and fears of an economic recession. However, Read More →
Even the most stoic investors might have suffered heartburn yesterday. On Monday, August 5th the Dow Jones Industrial Average declined more than 1000 points (-2.6%), while the S&P 500 and NASDAQ fell by 3.0% and 3.4%, respectively. The decline in U.S. markets pales in comparison to the 13% decline in Japan’s Nikkei 225, which Read More →
Josh Giacalone, Corporate Sustainability Analyst jgiacalone@haverfordquality.com The 2024 election cycle has had no shortage of surprises. With Election Day still more than 15 weeks away, the news that President Biden has withdrawn from the race may not be the last shock voters will contend with before casting their ballots in November. But despite the perpetual Read More →
Thomas Bayer, Jr., CFP®, MT Wealth Planner The Tax Cuts and Jobs Act (“TCJA”), signed into law in 2017, represented the most significant overhaul of the U.S. tax code in over three decades. Intended to simplify the tax system, reduce tax rates for individuals and businesses, and stimulate economic growth, the TCJA brought substantial Read More →
The S&P 500 closed the 2nd quarter at all-time highs. Jobs growth remains steady and disinflationary trends resumed during the quarter, contributing to a positive economic outlook. Additionally, Washington stimulus and ongoing enthusiasm for Artificial Intelligence advancements have created a resilient market atmosphere. However, only a select few stocks are driving this remarkable market Read More →
