Recent News and Insights
Market Commentary: October 23, 2025
U.S. electricity prices have surged over the past year, outpacing inflation and highlighting structural challenges in the power sector. National costs are up 5% year-over-year on average, although this figure masks that some regions are feeling the pain more than others. Prices in New Jersey, for example, have risen 22% in the past year. The surge has led utility bills to become a primary topic in the state's ongoing Governor's race. According to the New York Times, "electricity is the new eggs".
Market Commentary: July 16, 2025
As of Tuesday morning, July 15th, second quarter 2025 earnings reporting season is off to a solid start with several high-profile financial stocks announcing results that exceeded expectations. S&P 500 second quarter earnings are expected to grow 4.5% year-over-year, with earnings growth accelerating into the second half of 2025. Overall, investors expect corporate earnings to grow 9% in 2025, and 14% in 2026, on top of last year’s 11% earnings growth. This positive earnings forecast is one of many supporting factors propelling markets to all-time highs.
2025 Midsummer Outlook
The markets closed out the second quarter on a high note, despite unprecedented levels of uncertainty and geopolitical risk. The market’s resilience can be attributed to five key areas where investors hold an optimistic outlook: strong economic data, pro-growth policies, moderate tariffs, continued earnings growth, and advancements in artificial intelligence.
Schwab Network- Soft Landing Already Here?- Hank Smith, Head of Investment Strategy, was recently [...]
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Tim Hoyle, Chief Investment Officer thoyle@haverfordquality.com Don't Let Politics Get in the Way of [...]
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John Donaldson, Vice President & Director of Fixed Income jdonaldson@haverfordquality.com Crowding Out in the [...]
Schwab Network- State of the Market: “Do Not Underestimate the U.S. Consumer- Hank Smith, [...]
