The U.S. stock market reminds us of a boxer taking blow after blow, round after round, yet still able to stand at the end of each round looking for the chance to counter-punch. Despite “punches” to the stock market like tariffs, the inverted yield curve, slower economic growth, and foreign currency pressure, the market has successfully absorbed the blows thus far.

For our thoughts, click here to read the Haverford 2019 Fall Outlook