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Gregory M. Drahuschak February 19, 2020
The cliché that a rising tide lifts all ships points out that in a bull market most stocks move up. Multiple times in the past 40 years, however, the market tide allowed some stocks to rise much more than others.
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Guy LeBas February 19, 2020
Fixed income assets can provide crucial benefits to investment portfolios. While income generation is important, holding bonds also helps reduce overall portfolio risk and opens up opportunities for reallocation if equity markets falter.
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Michael Halloran February 18, 2020
Stocks moved to fresh all-time highs last week, supported by positive earnings and signs of stabilization in the ongoing coronavirus outbreak.
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Gregory M. Drahuschak February 13, 2020
In order of importance, the direction of the overall market, sector selection, and individual stock choices determine equity market portfolio returns.
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Michael Halloran February 10, 2020
Stocks reached record highs last week, reflecting healthy fundamentals and looking through the near-term impact of the coronavirus outbreak.
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February 10, 2020
1. Bank, Thrift & MHC Summary Valuation, 2. Recent Bank M&A Transactions, 3. Relevant Janney Capital Markets Professionals
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak February 6, 2020
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.
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Mark Luschini February 3, 2020
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.
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Michael Halloran February 3, 2020
Stocks fell last week in response to the economic uncertainty created by the coronavirus outbreak.
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Gregory M. Drahuschak January 31, 2020
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.
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Guy LeBas January 30, 2020
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.
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Gregory M. Drahuschak January 28, 2020
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.
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Michael Halloran January 27, 2020
Stocks are under near-term pressure due to fears that the coronavirus will disrupt the improving global economy.
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Gregory M. Drahuschak January 27, 2020
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.
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Michael Halloran January 21, 2020
Stocks reached new record highs again last week with two major steps taken toward cooling trade war tensions and reducing economic uncertainty.
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Gregory M. Drahuschak January 16, 2020
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%.
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Michael Halloran January 15, 2020
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.
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Michael Halloran January 13, 2020
Stocks continue to reach new all-time highs and we remain positive as we start the new year.
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Gregory M. Drahuschak January 9, 2020
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.
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Michael Halloran January 8, 2020
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%.