Banks have entered this current period of economic pressure from a place of strength in terms of capital and liquidity positions. In this HaverCast, Senior Research Analysts Maxine Cuffe and Halie O’Shea talk about measures put in place by the Federal Reserve after the Great Recession of 2008 and discuss recent industry trends impacting [...]
As the first half of 2020 comes to a close, Co-Chief Investment Officer Tim Hoyle previews topics that will be discussed in Haverford's upcoming Midsummer Outlook.
Tim Hoyle, CFA, Co-Chief Investment Officer email@example.com Retail Therapy and The Great Lockdown During last week’s trading, the S&P 500 recovered half its losses following Chairman Jerome Powell’s June 10th press conference. This market’s resiliency is beyond compare relative to anything we have seen in our investment careers. Following the quickest bear market and [...]
Earlier this week, U.S. retail sales were reported for the month of May, indicating the biggest month over month increase ever. The sequential improvement is encouraging, and in this HaverCast, Senior Research Analysts Halie O’Shea and Maxine Cuffe look into the underlying drivers.
Tim Hoyle, CFA, Co-Chief Investment Officer firstname.lastname@example.org Powell, Pandemics, & Politics As of Monday morning, markets are adding to last week’s decline. We attribute this sell-off to Chairman Powell’s comments on Wednesday afternoon, the resurgence of Pandemic concerns, and Politics. Following last week’s FOMC meeting, Jerome Powell held a press conference to provide both [...]
Earlier this week, Federal Reserve officials projected that there will not be any rate increases through 2022. John Donaldson, Director of Fixed Income, joined Co-Chief Investment Officer Tim Hoyle for a discussion about this week's Federal Open Market Committee meeting, the state of the Federal Funds rate, and implications on rates along the maturity [...]
Tim Hoyle, CFA, Co-Chief Investment Officer email@example.com Do the Strong Jobs Numbers Mean the Recession is Over? On Friday, June 5th, the Bureau of Labor Statistics (BLS) released the May 2020 Employment Situation. The report massively exceeded expectations, showing employment rose by 2.5 million jobs in May versus an expected loss of over 8 [...]
Co-CIO Tim Hoyle and Senior Research Analyst Maxine Cuffe review some nontraditional and nonfinancial metrics to provide context and insight in measuring the reopening, recovery, and normalization of the economy from the Great Lockdown.
Tim Hoyle, CFA, Co-Chief Investment Officer firstname.lastname@example.org Should I Raise Cash? This question, or some variant of it, has been asked of me and my colleagues every day of the Great Lockdown. This simple question is likely the single most difficult question in all of wealth management. History demonstrates an upward sloping line for investors; [...]
This week we answer some of our clients most recent and frequently asked questions. Is the stock market trajectory bullish or bearish? Is current buying a sign of expanded participation or just rotated money? Which sectors are experiencing the rally? Strategas Research Partners' Chris Verrone joined Co-CIOs Tim Hoyle and Hank Smith in a [...]