Haddon Wealth Management
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Haddon Wealth Management is unique in that we eschew the typical Wall Street firms or big banks with their ever-increasing fees and promises of a comprehensive financial advisory experience. The big firms are missing what we deliver and that is a personalized, all-encompassing, deeply vetted financial-advice experience customized for your unique situation.
Haddon Wealth Management
3M ago
Macro Overview
Congress passed legislation during last-minute negotiations to avert a default on the nation’s
debt. The suspension on the U.S. government’s $31.4 trillion debt ceiling is temporary until
lawmakers finalize legislation to fund ongoing federal obligations.
The impasse on the debt ceiling added strain to bond and equity markets in May. Treasury
bond yields rose as increasing debt level concerns triggered increased trading in government
bonds. Debt ceiling concerns in addition to the uncertainty surrounding regional banks’
exposure to commercial real estate contributed to a volati ..read more
Haddon Wealth Management
3M ago
Macro Overview
Concern over additional bank failures has created ongoing uncertainty for equity and bond
markets, as the collapse of First Republic Bank this past month has become the second-largest bank failure ever, with $229 billion in assets and over $100 billion in deposits.
Federal regulators struck a deal with JPMorgan, the nation’s largest bank, to take over the
failed bank and assume its loans and assets. The FDIC and JPMorgan agreed to a loss–share
transaction which is projected to maximize recoveries on the assets by keeping them in the
private sector. The FDIC estimates that the co ..read more
Haddon Wealth Management
3M ago
Macro Overview
The failure of two regional banks unsettled equity and fixed-income markets globally in
March. Financial contagion risks were at the forefront of the financial markets as the closure
of Silicon Valley Bank and Signature Bank fostered turmoil throughout the banking sector.
The recent banking crisis may alter the Fed’s rate increase trajectory, as various analysts
believe that the Fed’s rapid rate increases may have triggered the banking mayhem.
Various bank analysts believe that the recent bank failures are more centralized than
widespread in the banking sector, different from th ..read more
Haddon Wealth Management
3M ago
Macro Overview
Inflation worries persisted in February as government data revealed stubbornly elevated
prices for food and energy. As a result, the Federal Reserve’s policy on additional rate
increases continues to bombard the equity and bond markets. The Fed’s concern is that it
might relent too soon in combating inflation, so it is expected to continue on its rate increase
trajectory until economic data proves otherwise.
Recent economic terms highlighted in the media include soft landing and hard landing. A soft
landing indicates a non-recessionary outcome after the Fed stops raising rates ..read more
Haddon Wealth Management
3M ago
Macro Overview
Global equity and fixed-income markets navigated through a volatile environment as 2022
unfolded to be a challenging year. The Russian invasion of Ukraine, rising interest rates,
inflationary pressures, and a slowing economy all weighed on financial markets. The three
major equity indices saw their largest declines since 2008, while rates rose from their historic
lows.
Inflation hindered both consumers and businesses in 2022, as rising prices for food and fuel
shifted spending away from non-essential items. Higher labor costs along with elevated
operating expenses reduced compan ..read more
Haddon Wealth Management
3M ago
By Greg Hart, CFP®
The time is almost here where you will get to relax, explore new hobbies, plan exciting trips, and spend quality time with your loved ones. As you draw near to retiring, you may feel the excitement of finally reaping the rewards of decades of hard work. Your newfound free time will allow you the ability to enjoy the fruits of your labor in exactly the ways you want.
But as you prepare, it’s important to remember the critical steps to take to ensure your transition goes as smoothly as possible. Here is a checklist to help keep you focused and on track.
Review or C ..read more
Haddon Wealth Management
3M ago
Macro Overview
Markets reacted to indications that the Fed might slow its pace of rate increases heading into
the new year. Such a change in monetary policy would be positively received by financial
markets with the anticipation of eventual lower rates.
The supply chain constraints that existed this same time last year, have nearly been entirely
eliminated. Production, shipping, labor, and material shortage issues were critical concerns
during the height of the constraints. The alleviation of supply constraints has led to deep
discounts by retailers which were widespread as retailers mark down ..read more
Haddon Wealth Management
3M ago
Macro Overview
The Fed continued on its steepest rate increase since the early 1980s. Political pushback
against the Federal Reserve has been building as criticism surrounding the rate hikes has
become a focal issue. October saw a weaker U.S. dollar helping to propel stocks higher as
multi-national U.S. companies benefit due to overseas sales.
Third Quarter results for real GDP were released, showing a 2.6% annualized growth rate
that followed two consecutive quarters of negative growth, which by many economists’
standards is the official definition of a recession. The recent growth numbers ar ..read more
Haddon Wealth Management
3M ago
Macro Overview
Financial markets were distraught during the third quarter as rising rates, inflation, and
slowing economic activity hindered major equity indices. Dramatic tax cuts implemented in
the U.K. stirred global financial currency markets with the British pound falling to historic
lows. Fiscal policy reform is becoming a focal point as various international economies are
poised to fall into recession.
The effects of Hurricane Ian on the insurance and property casualty industry may take
months to determine. Preliminary estimates are expected to surpass $57 billion in property
losses and ..read more
Haddon Wealth Management
11M ago
Macro Overview
Congress passed legislation during last-minute negotiations to avert a default on the nation’s
debt. The suspension on the U.S. government’s $31.4 trillion debt ceiling is temporary until
lawmakers finalize legislation to fund ongoing federal obligations.
The impasse on the debt ceiling added strain to bond and equity markets in May. Treasury
bond yields rose as increasing debt level concerns triggered increased trading in government
bonds. Debt ceiling concerns in addition to the uncertainty surrounding regional banks’
exposure to commercial real estate contributed to a volati ..read more