As the S&P 500 surged to a +24% gain in 2023, much was made around the “Magnificent Seven” mega-cap tech stocks and how these seven companies accounted for nearly 90% of the indexes’ gain for the year. As the calendar turned to 2024, many expected limited upside to these companies, and to the market in … Continued
Expansive. Inclusive. Collaborative. Creative. Transformative. Those are just a few of the values Chicago-based Friendship Presbyterian Church (FPC) embodies through its ministry work. “Something that we say often — what I understand was a phrase that first originated in the disability rights community — is, ‘Nothing for us without us,’” said FPC Pastor, the Rev. … Continued
The S&P 500 fell more than -4% in April as markets grappled with significant changes to expectations around interest rate cuts in 2024, following a third disappointing inflation report in a row to start the year. These reports have shown inflations decline essentially flat lining since last fall, with markets gradually moving their rate cut … Continued
The S&P 500 gained over +10% in the first three months of 2024, extending a rally going back to October 2022, during which the index has now gained over +40%. Optimism around a resilient U.S. economy, declining inflation, and new technology innovations such as artificial intelligence have all helped drive the market higher through this … Continued
Community and connection. Those two words encapsulate the vision of Arlington Presbyterian Church (APC), a small congregation of about 55 in one of most racially and ethnically diverse ZIP codes in the Greater Washington, D.C., region — and also one of the most economically challenged. The church is located in 3,000 square feet on the … Continued
The S&P 500 gained another +5.2% in February, up over +8.5% in 2024 at the time of this writing and coming off a +24% return in 2023. While we are as happy as any investor to see the stock market has recovered from a miserable 2022 and is marching to new highs, as markets continue … Continued
This month, New Covenant Trust Company bids farewell to two of our longtime servant leaders, Tim Clark and Dick White, as their time on our Board comes to an end. Both men had long careers in banking before joining the NCTC Board, and both are deeply committed to the Presbyterian Church (U.S.A.). They each have … Continued
The S&P 500 has set new all-time highs in recent weeks and has crossed the 5,000-level for the first time ever. After closing as low as 3,670 in October of 2022, the bull market run in stocks has been robust and has been welcome news for investors. What has driven this market higher, however, and … Continued
Cook Native American Ministries Foundation (CNAMF) isn’t like most other charitable foundations. While they certainly provide funding like a typical granting organization, the investment they make in the people and communities they serve goes far beyond financial. CNAMF provides hands-on support and education to help Native communities secure a sustainable future that’s focused on faith, … Continued
Angela Duffy became New Covenant Trust Company’s new President & CEO on January 1, 2024. In this video, she shares how her background and experience with the Presbyterian Church (U.S.A.) and NCTC will inform her new role, the transition of leadership, her top priorities in 2024 and her plans to reach more congregations, as well … Continued