Haverford in the News
Welcome to 2016! We wish it were a happier start to the New Year for global equity markets, but sometimes the markets don’t participate on our time table. This week’s pullback is understandable given the uncertain news coming out of China, the Middle East and North Korea. But the present downdraft will likely be short-lived given the strong footing of the U.S. consumer and job market, as well as the slightly stronger economic news coming out of Europe. Since we believe the United States is not headed into a recession, we forecast the very low likelihood of a bear market.. That doesn’t mean the market can’t “correct” and in fact, the market often finds excuses to fall more than 10% about once a year. It is nearly impossible to forecast the next move in the market.
"We invest in companies that are household names - with products people want and need and have a track record of consistent growth."
- Mary E. McAuley , Vice President & Portfolio Manager