Covington Investment Advisors, Inc. Blog

News, Tips, Commentary, etc.

Covington's Market & Strategy Update

The Dow posted its largest decline of 2019 Wednesday as the bond market signaled a warning of a potential pending recession. With weak economic data coming out of China and Germany, the second and fourth largest economies, respectively, there are worries that we are in the midst of a broad global economic slowdown. As stated in the Wall Street Journal, the good news is that unlike the 1990’s with the Tech boom or the mid 2000’s with a housing boom, the US is not confronted with severe excesses to unwind. As such, any downturn might be mild. When market volatility picks up, it is reasonable for investors to get antsy about their investments and lose confidence in the market. We believe volatility provides a perfect opportunity to calibrate our investment philosophy and not get sucked into media headlines or brash reactions. Although we identify where we are in economic and...
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Covington Office Expansion-Completed!

It’s official, Nick is out of the living room! Construction is over at Covington! If you have visited our office in the past year you may have noticed a few out of the ordinary things; our Research Analyst, Nick Allen, working in the living room, loud noises, ladders, construction workers, etc. Well, this was all a part of our expansion, adding more office space upstairs to keep up with the growing needs of our company. I am happy to announce the addition at Covington has now been completed. I would like to take you on a virtual tour of our new office space, starting with the outside of the building. New view from the front of the building New view of the back of the building Next, we will go inside and upstairs to the new office space.  First, you will see Alma's newly renovated office. Alma Johnson is Covington's...
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Trade War Impact

Tariffs have been at the forefront of economic headlines over the past year. If the market headlines do not include “United States Threatens to Impose New Tariffs” then it most likely includes “Markets rise on the hope of a Trade Deal”. This has been the never ending cycle for the last year. On May 10th, 2019 the Trump Administration announced that a 25% tariff would be placed on an additional $250 Billion worth of Chinese goods being imported to the US. This tariff levying once again shocked markets and sent them trading lower the following week. Although we follow these developments daily it is important to understand the impact that this political risk has on your investments. Measuring The Effects Of The Trade War Trade tensions, specifically tariffs, affect the economy and market in a number of different ways. Certain aspects of a ‘Trade War’ are relatively easy to quantify...
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Covington Presents the 2019 Independent Music Teacher Award

  We all know how music impacts us individually.  It comforts us, inspires us and connects us to one another. But music is so much more; there is something about its impact on us physically, emotionally and mentally.  In fact, it helps to develop the left side of the brain which fosters creativity that drives our innovativeness that allows us to solve problems.  In essence it is a facilitator for the betterment of the human experience. Recognizing the diminishing arts programs in our schools and the many societal challenges that we face we have felt compelled to do something about that and so we have been underwriting music and art programs in our community through our business and family foundations.  Additionally, each year we sponsor the Independent Music Teacher Award facilitated through the Westmoreland Symphony Orchestra.  This year at the Carmina Burana concert we announced the 2019 honoree as Jacqueline...
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Covington Supports the Westmoreland Symphony Orchestra for their 50th Anniversary!

The Westmoreland Symphony Orchestra is celebrating its 50th Anniversary Season. On Saturday April 27, 2019, Covington Investment Advisors will be the presenting sponsor for the Westmoreland Symphony Orchestra (WSO) Concert, titled Carl Orff’s “Carmina Burana”. Orff’s epic Carmina Burana is one of the most recognizable and popular works in the classical repertoire. I hope to see you there this Saturday night. The performance starts at 7:30 PM. More information can be found on the Westmoreland Symphony Orchestra's website: https://www.westmorelandsymphony.org/.
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Covington Investment Advisors, Inc.
301 E. Main Street
Ligonier, PA 15658
Phone: 724-238-0151
Fax: 724-238-0148
Email: covington@covingtoninvestment.com