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Mark Luschini August 20, 2021
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Gregory M. Drahuschak August 19, 2021
Is the stock market cheap or expensive? The answer to this common question often includes a reference to the market’s price-earnings ratio (P/E), which is used as a measure of stock market valuation. Investors might be interested in the “P” of the ratio but it all begins with the “E”, which lately has surpassed even the most optimistic estimates.
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Mark Luschini August 18, 2021
The Taliban’s conquest of Afghanistan has little direct significance for global financial markets currently. However, the U.S. withdrawal connects with other geopolitical and domestic currents that could have both macro and market significance at some point.
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Michael Halloran August 18, 2021
Stocks continue to make new highs and we remain constructive on equities, given strong earnings and underlying economic momentum.
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Mark Luschini August 17, 2021
Many small businesses started reporting renewed optimism after COVID-19 vaccinations led to the reopening of the economy. Now, business owners face another challenge: Inflation.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 13, 2021
Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.
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Mark Luschini August 12, 2021
Investors could consider strategies to inflation-proof their portfolio to withstand gradual increases in prices for goods and services.
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Michael Halloran August 12, 2021
The Senate passed a nearly $1 trillion infrastructure bill on Tuesday, formally called the Infrastructure Investment and Jobs Act, in a bipartisan 69-30 vote.
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Michael Halloran August 9, 2021
Despite the resurgence of the virus and peaking economic growth readings, we remain encouraged by the economic recovery and stellar corporate profitability.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 5, 2021
Janney's analysts discuss the latest developments in the fixed income and equity markets.
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Michael Halloran August 2, 2021
Significant support for stocks remains in place despite concerns about the resurgent virus.
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Guy LeBas July 29, 2021
The June FOMC meeting was one that launched a billion flatteners. The combination of Fed policymakers leaving inflation forecasts unchanged, but predicting more rate hikes in 2023 ran smack into 12 months of verbal assurances that rate hikes would be less sensitive to inflation in the coming cycle.
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Michael Halloran July 26, 2021
Despite volatility early in the week, stocks reached new highs again last week. Investor concern centers around the delta variant as rising cases have led some economies to re-impose restrictions.
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Michael Halloran July 19, 2021
With stocks reaching new highs on a regular basis, we are often asked what can provide future support for the market.
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Mark Luschini July 19, 2021
Exploring Familiarity Bias, Framing Bias, and Mental Accounting
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak July 14, 2021
Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak July 13, 2021
Janney's analysts discuss the latest developments in the fixed income and equity markets.
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Michael Halloran July 12, 2021
Stocks had a choppy week, but once again reached record highs. We expect stocks to continue benefitting from strong economic and profit growth, despite concerns over further virus headwinds and economic growth off historical peaks.
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Michael Halloran July 6, 2021
Stocks had an impressive first half of the year with the S&P 500 Index up 8.2% in the second quarter and up 14.4% for the first half of the year, its second-best start this century.
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Michael Halloran June 28, 2021
Stocks had another good week and the S&P 500 Index is now up 14.8% year-to-date as we approach the halfway mark for the year.