• Investor Focus Remains on Inflation and Higher Interest Rates

    Stocks remain volatile with investor concern focused on surging bond yields, Federal Reserve interest rate hikes, and the potential for higher rates to ultimately lead to a significant economic slowdown. These concerns are outweighing still positive economic readings and healthy first-quarter earnings where results are exceeding expectations, which is leading to modest upward revisions for the remainder of 2022.

  • May Investment Perspectives

    Some things that could go right, a look at TIPS, and stocks and the midterms.

  • Midterm Elections and the Stock Market

    It feels like it was only yesterday that the equity market was fixated on an election but with midterm primary elections in sight followed by general elections in November, election issues again will command attention as the market tries to assess how the political winds might affect the economy. Stock market weakness in April increased attention on what the impact of the midterm elections might be.

  • No 75-Basis-Point Rate Hike, But…

    Not surprisingly, the Federal Reserve Open Market Committee (FOMC) meeting and the chairman’s press conference drew plenty of market attention, but not what initially appeared might be likely.

  • These Aren’t the Hikes You’re Looking For

    A long time ago in an economic galaxy far, far away: The Federal Reserve raised their target for overnight interest rates by 50 basis points in one clip—the first time they’ve done so in decades.

  • Stocks Would Benefit From Reduced Inflation Uncertainty

    Stocks faced another challenging month in April with the S&P 500 Index down 8.7% for the month and down 12.9% for the year. High inflation readings and the amount of Federal Reserve interest rate hikes needed to tame inflation-driving demand remain the major sources of market uncertainty. The Ukraine crisis and China’s COVID lockdowns are also adding to the uncertain outlook.

  • Further Economic Growth Should Support Profits and Ultimately Stocks

    Stocks remain volatile with concerns centered on inflation and how high the Federal Reserve (Fed) will have to raise interest rates to tame inflation. We remain positive on the economic outlook, continue to favor staying the course with long-term investment plans, and have the following observations.

  • A Closer Look at the Municipal Bond Drawdown

    Municipal bonds have faced their third-biggest decline in market value in two decades. Upon first read, this sounds alarming. However, we examine various aspects of the recent muni bond drawdown so investors can have a broad perspective on the situation.

  • Stable Economic Indicators are Encouraging, Despite Higher Uncertainty

    Stocks fell again last week and remain in a trading range with concerns centered on inflation, the Federal Reserve’s higher interest rate response, and the additional uncertainty caused by the Ukraine crisis.

  • Recent History of Yield Curve Inversions and Stocks

    The S&P 500 Index fell 1.3% last week and remains in a trading range with concerns centered on the Federal Reserve raising interest rates, the recent yield curve inversion, and the potential for a significant economic slowdown or recession. We think it’s important to put historical context around yield curve inversions and have the following observations on the most recent inversions.

  • Investment Perspectives: The stock market correction, cautious optimism on bonds, and market's needed consolidation

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • Thoughts On Yield Curve Inversion, Economy, and Stocks

    The economy and stocks faced significant headwinds in the first quarter, including high inflation readings, the Federal Reserve beginning a rate-hike cycle, the Ukrainian crisis, and persistent impacts from the pandemic, including China’s recent lockdowns.

  • Indicators Suggest Further Growth Should Support Stocks, Despite Elevated Uncertainty

    Stocks rose again last week with the S&P 500 Index now up 8.1% over the past two weeks—its largest such rally since April 2020.

  • Stocks: Two Years After Covid Pandemic Drop

    Following the shortest recession on record, exactly two years ago the S&P 500 reached recession-induced intraday and closing lows. The aftermath, however, provided investors a valuable reminder.

  • What to Expect as New Fed Tightening Cycle Begins

    The Federal Reserve raised its target for overnight interest rates in March 2022, triggering the first rate move since the COVID emergency cuts and the first tightening cycle since the one that began in December 2015.

  • Don’t Dismiss Stocks’ Potential Despite Rough Start

    Year-to-date by mid-March this year, the S&P 500 was down 11.2%, which was its fifth-worst start to a year. The common belief that when a year starts poorly the full-year result is poor prompted investor concerns. As typically is true in any assessment of how the stock market will react, reaching simplistic conclusions can be dangerous.

  • FOMC Commentary: Fed Raises Rates

    Today, the Federal Reserve embarked on its first new tightening cycle since 2015, and its first change in interest rates since the emergency rate cuts of March 2020.

  • Rate Hikes and the Stock Market

    For weeks, the stock market has been concerned about the potential for the Federal Reserve to raise interest rates for the first time since December 2015. History shows that rate hikes, on their own, are not the consistent drag investors often perceive them to be.

  • How big of an oil price spike can the U.S. consumer and economy take?

    Markets remain volatile with attention focused on the uncertainty created by the Ukrainian crisis and the impact this is having on key commodity prices, especially oil.

  • Investment Perspectives: Housing update, fixed income, and navigating stocks’ volatility

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: http://brokercheck.finra.org/