• Shifting tides: The only constant is change

    In order of importance, the direction of the overall market, sector selection, and individual stock choices determine equity market portfolio returns.

  • Another Goldilocks labor market report suggests a longer economic expansion

    Stocks reached record highs last week, reflecting healthy fundamentals and looking through the near-term impact of the coronavirus outbreak.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • Positive monetary impulse, issues facing fixed income, and the stock detour

    Financial markets take their cue from dovish guidance, strong muni performance, and the election's impact on the market are included in this month's Investment Perspectives.

  • Investors urged to stay the course

    The Wall Street adage, "stocks take the escalator up and an elevator down," pertains to the market tendency to rally along a shallower glide path than it does when some unwelcome news hits the tape and it typically turns into a swift selloff.

  • Coronavirus volatility should be transitory due to healthy underlying fundamentals

    Stocks fell last week in response to the economic uncertainty created by the coronavirus outbreak.

  • Election 2020: Impeachments and the market

    The impeachment trial of U.S. President Donald Trump has captured the world’s attention. Investors, in particular, are interested in the effect the current proceedings will have on the equity market. This report will focus on the economic circumstances that surrounded past impeachments and show that what appears to matter more to the markets is the state of the underlying economy.

  • Tinkering around the edges

    The Federal Reserve Open Market Committee (FOMC) once again held their target for overnight interest rates unchanged in the month of January, the second-consecutive pause decision following a round of three insurance rate cuts in 2019.

  • Election 2020: The road to 1600 Pennsylvania Avenue

    Presidential election years attract investors’ attention because of the belief that the election process and outcome can influence the equity market. However, it is worth considering the impact the economy has on elections.

  • We are encouraged by the improving global backdrop, despite Coronavirus fears

    Stocks are under near-term pressure due to fears that the coronavirus will disrupt the improving global economy.

  • Coronavirus impact on stocks likely short-term

    For the 11th time in the past 50 years, global equity markets paused to assess a developing health concern. The spread of the latest coronavirus strain rekindled memories of the severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome coronavirus (MERS) that also prompted global health and economic concerns.

  • U.S. consumer remains healthy and confident while global backdrop stabilizes

    Stocks reached new record highs again last week with two major steps taken toward cooling trade war tensions and reducing economic uncertainty.

  • The income conundrum

    Following the peak in 1981, interest rates experienced a 39-year decline. A 2% yield on Treasury notes or bonds now is not achievable without going out to the 30-year Treasury bond, and the yield on the S&P 500 is approximately 1.8%.

  • Climate change investment implications

    As a result of the consensus that has formed around the human influence on climate change, we see several major developments that have significant future economic and investment implications. This piece discusses the evolution of the consensus view and the resulting implications.

  • Encouraged by an improving global backdrop and still healthy labor market

    Stocks continue to reach new all-time highs and we remain positive as we start the new year.

  • How you feel matters

    The vast array of information available today should allow consumers and investors consistently to make rational decisions, but as the rapidly developing field of behavioral economics recognizes, emotions influence nearly every economic choice we make.

  • What happened to asset class returns in 2019?

    While 2018 had no major asset class gain more than 5%, 2019 saw many asset classes make double-digit gains, led by the NASDAQ Indexes total return of 35.2%.

  • Markets in 2020, fixed income year-in-review, and new highs look likely

    Major issues persist with our optimistic outlook, a look back to fixed income in 2019, and a repeat of the market's 2019 result does not appear probable.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • Maintaining our positive outlook despite rising Middle East tensions

    While we are watching Middle East developments closely, we remain optimistic on our outlook for the economy and stocks.

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/