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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%.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak January 8, 2020
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.
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January 6, 2020
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 January 6, 2020
While we are watching Middle East developments closely, we remain optimistic on our outlook for the economy and stocks.
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January 2, 2020
We see this question often and have responded periodically by updating and publishing the table to the right, which looks at 5-year, 10-year and 30-year current coupon Treasury bonds as well 10-year zero coupon Treasury bonds.
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Michael Halloran December 30, 2019
Stocks continue to reach new record highs with the S&P 500 Index on track to end the year up over 30%.
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December 30, 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 December 23, 2019
Stocks reached new record highs last week, supported by an outlook for improving global economic growth and reduced trade tensions.
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December 23, 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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Mark Luschini and Guy LeBas December 18, 2019
We envision another year of positive economic growth and favorable markets, but correcting for evolving uncertainties surrounding the election and geopolitics keeps us agile.
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Michael Halloran December 16, 2019
Last week saw several important developments that reinforce our positive outlook for the economy and markets.
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Michael Halloran December 16, 2019
The U.S. and China announced they have reached a phase-one trade deal.
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Michael Halloran December 13, 2019
The House Judiciary Committee approved two articles of impeachment against President Trump.
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Michael Halloran December 13, 2019
After a decisive electoral victory, UK Prime Minister Boris Johnson reiterated his pledge to take Britain out of the European Union (EU) by the current January 31 deadline.
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Michael Halloran December 12, 2019
The Trump Administration and House Democrats reached an agreement on a revised U.S.-Mexico-Canada trade agreement (USMCA or NAFTA 2.0), setting the course for likely ratification.
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Guy LeBas December 11, 2019
The Federal Reserve Open Market Committee followed up three consecutive rate cuts at their July, September, and October meetings with a pause in December.