Covington Investment Advisors, Inc. Blog

News, Tips, Commentary, etc.

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 Office Expansion

Covington Investment Advisors is continuing to expand in order to best serve the needs of our clients. Our office expansion efforts are underway and are nearing completion in the next few months. The expansion will provide us with more office space upstairs. You can see some pictures of the progress below. With our expanding space and client base, you may see some new faces at Covington soon. We would like to now introduce our newest hire, Nick Allen, an upcoming graduate of Indiana University of Pennsylvania. Nick will be joining us as a Research Analyst and has been interning at Covington since May.
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Current Market Conditions

There is a lot of noise in the markets in recent days. It is important to understand and stick to sound investment fundamentals under such circumstances. The market is currently adjusting to slowing earnings going into 2019, slowing global GDP growth, higher inflation and higher interest rates. You have probably heard me say: “What earnings do, the market does”. Moving from an earnings growth rate of 26.32% in 2018 to what is expected to be a 7% earnings growth rate in 2019 is a big change. We still have positive economic growth but we also have new policies that need to be absorbed into the economy. Additionally, all bull market cycles are killed by the Fed raising rates. The longest economic expansion in US history is coming to an end thanks to the Fed. When the Fed stops talking about raising rates the market will settle down. Today’s activities in...
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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