PGA Press Release– PGA of America Golf Professional John Pillar of the Country Club at Woodloch Springs in Hawley, PA., won the 26th Haverford Philadelphia PGA Classic at Sunnybrook Golf Club on the third sudden-death playoff hole in front of hundreds of fans. http://PGA of America Golf Professional John Pillar Wins 26th Haverford Philadelphia PGA Classic and $100,000 Prize in Playoff | Philadelphia PGA The post PGA of America Golf Professional John Pillar Wins 26th Haverford Philadelphia PGA Classic and $100,000 Prize in Playoff appeared first on The Haverford Trust Company ..read more

What’s Next for the Markets After a 5-Week Winning Streak?Tim Hoyle, CFA, Chief Investment Officer The S&P 500 has advanced 11% year-to-date, while the Dow has recently crossed 40,000, following a 5-week winning streak. This surge to all-time highs is driven by various factors, including jobs and inflation data, interest rates, and notably the enthusiasm surrounding artificial intelligence (AI). Recent product demonstrations from industry leaders such as Google, Meta, Nvidia, and Microsoft’s partner OpenAI have captured the attention of consumers and professionals across various sectors ..read more

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The post Insights & Outlooks: Navigating Economic Terrain with Ed Boehne appeared first on The Haverford Trust Company ..read more

The post Success Under Pressure: Leadership, Business, and Life Lessons from the Turf to the Terroir appeared first on The Haverford Trust Company ..read more

The S&P 500 posted an 11% advance in the first quarter of 2024, marking the index’s strongest start of the year since 2019.  The quarter also saw 22 record-high closes, a feat not seen since 1998.  While the capitalization-weighted return continued to outpace the returns of the equal-weighted average stock (11% vs. 8%). Stock prices were also undaunted by rising Treasury yields.  The broadening out of market participation and tightening corporate bond spreads signal a positive outlook for future returns. The following are the key drivers of the market’s strong first quarte ..read more

The post Civic Literacy: Igniting Change and Fostering an Engaged and Educated Community appeared first on The Haverford Trust Company ..read more

The “Wealth Effect”Maxine Cuffe, CFA, Vice President & Director of Global Strategies As the stock market continued to reach new highs last week, the Federal Reserve is facing a new challenge in their fight to rein in inflation. The “Wealth Effect” is an economic theory that says consumers feel more confident and tend to spend more freely when their assets are rising in value, despite no increase in real income. This concept gained particular attention in the years before the Great Recession, when booming housing prices led homeowners to withdraw equity from their homes like ATMs. Today w ..read more

CNBC – John Donaldson, Vice President & Director of Fixed Income, was quoted in a CNBC article highlighting the results of a recent CNBC Federal Reserve Survey. John weighed in on the conversation regarding the probability of a recession vs. the economy pulling off a soft-landing stating, “For now, the narrative that the U.S economy is so fragile that it cannot survive without ultra-low rates has been debunked and discarded into the rubbish bin of history.” To read the full article, click here. The post CNBC-Fed could cut rates fewer times than expected as economy keeps growing appear ..read more

Gina Parissi, CFP® Senior Wealth Planner As we welcome the arrival of spring and look forward to longer days ahead, New Year’s resolutions are likely long forgotten, if they were made at all.  While you may not have stepped foot into the gym, or scratched the surface of a reading list, it’s never too late to revisit your financial goals. Below, we analyze a few of the most common mistakes we often see that have the potential to deter you from achieving your financial goals. 1. Not Having a Strategy to Save for an Emergency Fund Without an adequate cash cushion, you may be leaving your ..read more