Pennsylvania Trust

Investment Blog

Mid-Month Market Musings

Bull markets do not die of old age, they die of excesses such as accelerating Read more

Fed Cuts Rates As Expected

The Fed lowered the Federal funds rate target by 25bp to 1.50-1.75% at its meeting Read more

GDP – Showing Resilience

Today’s first reading showed that gross domestic product expanded at a better-than-expected 1.9% annualized rate Read more

Fed Minutes: No Clear Path For The Fed

The minutes to the September 17-18 FOMC meeting, released this week, reiterated the divide among Read more

Recent Economic Data Has Surprised To The Upside

The Bloomberg U.S. Economic Surprise Index — which tracks the rate at which economic data Read more

Growth To Value Rotation Is Evident

Value-based Cyclical shares, laggards in last month’s European sell-off, are starting to outperform their defensive Read more

Shift in Policy Should Further Open China To The Global Markets

Global investment managers no longer need to obtain quotas to buy Chinese stocks and bonds Read more

Manufacturing Industry Showing Cracks

U.S. factories are slowing faster than anticipated as today’s reading of the IHS Markit manufacturing Read more

A Note On The Yield Curve Inversion And Market Reaction

“History doesn’t repeat itself but it often rhymes.” Today’s inversion of a key part of Read more

Relief Rally In U.S. Sends Markets To An All-Time High vs. International Peers

U.S. equities set a new high relative to their global peers on Tuesday after the Read more

Three Reasons Why Bond Yields Could Actually Rise

As we approach the inversion of the 2-year and the 10-year treasury bonds, there are Read more

Note On Yesterday’s Selloff

Yesterday’s market selloff was a reaction to multiple events that came to a head over Read more

Budget Deal Removes Near-Term Uncertainty…

…But Adds Additional Longer-Term Debt Risk This weekend’s budget deal — agreed to in principal Read more

3%+ Earnings Yield Is A Good Sign For Stocks

While it’s relatively early into earnings season, there are some reassuring signs for stocks. Nearly Read more

Consumer Sentiment

American consumer sentiment moved higher in July, close to its best level in 15 years. Read more