• Business surveys show recovery gaining steam

    We remain optimistic on our outlook for the economy and stocks with last week’s economic readings showing further improvement, which helped push the S&P 500 stock index to a fresh all-time high.

  • What a difference a year makes

    It often is easy to forget anniversaries, but for equity investors, the COVID-19 market bottom forever will be memorable. It comes alongside days like October 1987 and Christmas Eve 2018.

  • Reasons for optimistic outlook continue to come in

    Reserve just reiterated its intention to maintain its ultra-accommodative monetary policy while increasing its forecast for economic growth.

  • The search for value

    Finding the real value in stocks always has been difficult and subject to interpretation. Unwilling to do the due diligence necessary, many investors too often seek the simplest methods to uncover value.

  • Does it get better than this?

    Monthly releases of measures of economic activity in their regions from many Federal Reserve offices always get attention, but few can match the most recent report from Philadelphia Fed office that reached a level not seen in 50 years.

  • FOMC Commentary: Yes, but what about the SLR?

    Unsurprisingly, the FOMC held rates constant at the zero lower bound at their March meeting, and left other aspects of monetary policy largely unchanged despite rising long-term interest rates.

  • Remembering "the day"

    Front pages of the New York Times and the New York Post on March 17, 2020, reflected the dour view of economic conditions COVID-19 had created. The day before, an 11.98% drop in the S&P 500 echoed the sentiment of millions of investors who feared what could be a dire health and economic period.

  • Stimulus and improving confidence bode well for the outlook

    President Biden’s stimulus bill was signed into law last week and will provide an additional $1.9 trillion to the economy, which will bolster the recovery that was already unfolding.

  • Biden's stimulus bill set to become law this week

    President Biden’s stimulus bill is set to become law this week after the Senate passed the amended bill on Saturday with only marginal changes.

  • Investment Perspectives: Stock prices and bond yields, fixed income, and stocks

    Janney's analysts discuss inflation and stock trends.

  • Podcast: Interest Rates, Market Plumbing and Equity Market Outlook

    Janney's analysts discuss the global pandemic's impact on the economy.

  • Positive developments on economic readings, stimulus, and vaccines

    While stocks fell last week with the S&P 500 Index down 2.4%, we remain confident in the outlook for the economy and stocks.

  • Interest rate markets

    A steady selloff in the interest rate markets accelerated in the last two weeks, pushing yields to their highest level in 12 months and fueling apparent dislocations in other financial markets as well.

  • Macro movers: Updated outlook as S&P 500 inches closer to 4,000

    Seemingly unstoppable U.S. equity markets continue to press to new secular highs as the benchmark S&P 500 closes in on the 4,000 mark.

  • Strong start bodes well for the 2021 outlook and cyclical stocks

    Last week’s economic releases sent a confirmation signal for what the stock market has been indicating with its recent record highs—the economy is making a strong recovery from the pandemic shock.

  • Income-producing asset options

    Given today’s historically low interest rates, we are continuously being asked about the best options for generating portfolio income. This piece reviews important income-generating asset classes and includes ideas from various Janney disciplines, including the Investment Strategy Group, Wealth Management, and Capital Markets.

  • A shopping spree

    What would you do with an extra $600 million? In many cases, it may be inappropriate to call recently received stimulus checks extra, but it is clear they prompted recipients to spend.

  • Important signs of an improving outlook

    Stocks made record highs again last week and continue to benefit from better-than-expected corporate profits, lower COVID infection rates, an accelerating vaccine rollout, and the promise of additional fiscal stimulus from the Biden administration.

  • Embrace the inevitable

    The concept of creative destruction—out with the old and in with the new and innovative—sounds appealing, but no matter how promising change might appear to be, the process can be threatening. Change becomes even more problematic when the pace accelerates.

  • Encouraged by business surveys, vaccines, and corporate profits

    Improving business surveys, good news on lower infection rates, potential additional vaccine manufacturers, and better-than-expected corporate profitability support our positive outlook for 2021.

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