Newsletter: June 2023
Haddon Wealth Management
by Greg
2M 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
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Newsletter: May 2023
Haddon Wealth Management
by Greg
2M 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
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Newsletter: April 2023
Haddon Wealth Management
by Greg
2M 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
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Newsletter: March 2023
Haddon Wealth Management
by Greg
2M 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
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Newsletter: January 2023
Haddon Wealth Management
by Greg
2M 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
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Countdown to Retirement: 12-Step Checklist if You’re Retiring Soon
Haddon Wealth Management
by Greg
2M 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
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Newsletter: December 2022
Haddon Wealth Management
by Greg
2M 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
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Newsletter: November 2022
Haddon Wealth Management
by Greg
2M 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
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Newsletter: October 2022
Haddon Wealth Management
by Greg
2M 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
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Newsletter: June 2023
Haddon Wealth Management
by Greg
10M 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
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