THE GLENVIEW TRUST COMPANY ELECTS WILLIAM C. CARSTANJEN TO BOARD OF DIRECTORS Appointment fills seat of the late David Jones, Sr. LOUISVILLE, KY (January 22, 2020) – The Glenview Trust Company has elected William C. Carstanjen to its board of directors. He was elected unanimously by the members of the board on December 19, Carstanjen is currently CEO of Churchill Downs Inc. Carstanjen brings professional experience from two international corporations with prominent presence in Louisville, GE and Churchill Downs Incorporated (CDI). At CDI, Carstanjen has led the company’s diversification strategy into online wagering on thoroughbred racing via TwinSpires.com and into regional casino gaming as well as helped lead the growth of the Oaks and Kentucky Derby events. “We are pleased to welcome Bill as the newest director to The Glenview Trust Company board,” said board chair J. David Grissom. “Filling the seat left vacant by the death of David Jones,
Stephanie L. Morgan-White passed the Certified Trust & Financial Advisor (CTFA) Exam in October 2019. Prior to sitting for the Exam, Stephanie completed three (3) years of ABA Trust School earning Certificates in Trust at the Advanced, Intermediate and Foundational Levels. She is now serving on the ABA Trust School Advisory Board. Stephanie joined The Glenview Trust Company as a Trust Professional in April 2016 following nineteen (19) years in the private practice of law and two (2) previous years with the Kentucky Court of Appeals.
Glenview’s Market Thoughts… Wednesday morning the two-year to ten-year treasury yield curve inverted for the first time since 2007. An inverted yield curve occurs when short-term interest rates rise to a level higher than longer-term ones. In this case, the two-year treasury yield is a few basis points (a basis point is 1/100th of one percent) higher than the ten-year yield. Taking heed, major stock markets around the world were down over two percent on top of the increased volatility of the past few days. Historically, recessions have occurred, on average, 22 months following a two-ten inversion. Counterintuitively, the S&P 500 has averaged a 12 percent positive return one year after a two to ten inversion, and it’s not until about 18 months after an inversion that the stock market starts to see bear market-like declines. Why has the yield curve inverted and what does it mean? We’ve written before
Peggy Krug of Louisville, Ky., received the Alumna of the Year Award to honor the exceptional amount of time she has spent advancing WKU in her home community. A 1978 alumna and Lifetime Member of the WKU Alumni Association, Krug has served as Treasurer of the Greater Louisville Alumni Chapter and a member of the WKU Alumni Association Board of Directors, where she has chaired the Alumni Achievement Task Force and overseen the Hall of Distinguished Alumni selection process.
As bad as the fourth quarter of 2018 was for the stock market, the first quarter of 2019 was almost as good. Since the five percent washout on Christmas Eve, the S&P 500 has risen 25 percent and, as of this writing (5-22-19), major U.S. market indexes are within a few percentage points of their all-time highs. In our 2018 review/2019 preview, we mentioned three factors that were weighing on the economy and markets: rising interest rates, slowing global growth and U.S. trade skirmishes with several countries. Some progress has been made, but many questions, as always, remain.
_______________________________________________________M A K I N G A D I F F E R A N C E THEN AND NOW Sherry Feldpausch fondly remembers when she first discovered KET.She was a young girl at Stanley Elementary in Owensboro. Her teacher, taking a break from the day’s regular activities, wheeled a television into the classroom, tuning it to KET.Sherry and her classmates delighted in what they saw: fun, educational programs that explored science and math and opened their eyes to the wonders of Kentucky and the world around them.“It was such a treat when we got to watch KET,” Sherry recalled. “It was the best part of the school day.” Today, she says she still gets the same joy when she tunes in to KET.“If you want to know and hear about Kentucky—and to really know what’s going on in your state—there’s no better way to find out about it than from KET,”