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Michael Halloran September 16, 2019
While it is too early to get a firm assessment on the impact of rising oil prices and Middle East tensions, we remain encouraged by the incoming economic data and the potential for reduced trade tensions.
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Michael Halloran September 9, 2019
Stocks were higher again last week on news that the U.S. and China will hold high-level trade discussions in October.
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September 9, 2019
1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals
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Michael Halloran September 5, 2019
Stocks are reacting positively after President Trump sought to ease trade tensions with China and struck a more conciliatory note on the final day of the Group of Seven summit (G7)—stating that meaningful negotiations with China were ongoing.
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Michael Halloran September 5, 2019
Stocks had their best week since June as trade tensions with China showed some signs of easing.
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September 3, 2019
1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals
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Guy LeBas September 1, 2019
We have had two rate cuts in 3Q, and at least one more is likely in the final two FOMC meetings of 2019.
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August 26, 2019
1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals
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Michael Halloran August 21, 2019
Stock market volatility continued last week, with the latest worries centered on falling bond yields and further yield curve inversion—the 30-year Treasury yield dropped below 2%, while 10-year Treasury yields briefly fell below 2-year yields.
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August 19, 2019
1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals
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Michael Halloran August 13, 2019
Stocks are reacting positively after the United States Trade Representative released a statement that the U.S. would delay and remove items from the roughly $300 billion of Chinese imports (primarily consumer products) facing 10% tariffs on Sept. 1.
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August 12, 2019
1. Daily Fix, 2. Ask the Strategist, 3. Bank, Thrift & MHC Summary Valuation, 4. Recent Bank M&A Transactions, 5. Relevant Janney Capital Markets Professionals
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Michael Halloran August 12, 2019
While stock market volatility has increased due to the intensification of the U.S.-China trade war, we continue to recommend a benchmark weighting for stocks. We see several factors that should support economic growth and stock prices.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 8, 2019
Investment Perspectives provides insight into the markets from three of Janney's elite strategists.
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August 8, 2019
The combination of the Fed’s rate cut last week plus the US/China trade situation coming back into the forefront has caused a reaction across asset classes. We suggest investors use this bout of volatility as a reminder about the benefits of diversification.
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Guy LeBas August 5, 2019
As we noted in our May commentary, Jay Powell and friends seemed to be looking for any excuse to cut rates.
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August 5, 2019
In theory the $58B total of new 2019 cash is enough to absorb more than a third of the first six months of municipal new issue volume ($166.8B).
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Michael Halloran August 5, 2019
Stocks are reacting negatively after President Trump’s announcement of a 10% tariff on $300 billion in Chinese imports, which extends the 18-month trade war (25% tariffs were already in place for $250 billion worth of imports) and now puts tariffs on essentially all $550 billion worth of goods coming from China, with this round concentrated in consumer goods.
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August 5, 2019
1. Daily Fix, 2. FOMC Commentary, 3. Bank, Thrift & MHC Summary Valuation, 4. Recent Bank M&A Transactions, 5. Relevant Janney Capital Markets Professionals
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July 29, 2019
1. Daily Fix, 2. From the Desk, 3. Bank, Thrift & MHC Summary Valuation, 4. Recent Bank M&A Transactions, 5. Relevant Janney Capital Markets Professionals