Bloomberg: Late Push Sends Nasdaq to Record High; Bonds Gain: Markets Wrap

In a roundup of the day’s market activity, Bloomberg turned to Ernie Cecilia, Chief Investment Officer at Bryn Mawr Trust, for Bryn Mawr Trust’s view on the behavior of the equity markets. Ernie explained that fundamental factors (economic growth, strong corporate earnings, relatively benign interest rates) have been the primary drivers of financial asset pricing, as headline events (North Korea, Iran, trade, etc.) instill a measure of volatility over shorter time periods.

To read the article, you may access Bloomberg’s website here.

WSFS Bank is committed to digital accessibility.