• Brexit difficulties and investment implications

    After voting to leave the European Union (EU) back in June 2016, the United Kingdom (UK) is still trying to figure out how to accomplish this—after several extensions to the original two-year window.

  • Now is the autumn of our discontent: Populism & bond market volatility

    We see this trend as a contributor to the elevated global economic and political uncertainty that creates bond market volatility.

  • Credit vs. interest rate risk: What you should own these days

    Given recent events, we will explore these two factors in fixed income investing to guide positioning for possible near-term events and what we think may be a strategy for the average investor.

  • Overshadowed by the underground

    This week’s Fed action comes at an unusually messy time for the underground financial plumbing.

  • Memos from the rates markets

    In October 2018, we published our last “Special Comment” on the interest rate markets amidst what was heavy selling pressure.

  • Europe's latest angst: Italy

    Recent political news from Italy reopens the threat that the third-largest economy in Europe, and the eighth largest in the world, could exacerbate Europe’s already weak conditions.

  • US-China trade tensions

    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), where world leaders have pressured him to de-escalate the trade war.

  • Importance of productivity

    Productivity is critical for higher living standards, economic growth, and corporate performance.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • A healthy consumer continues to bode well for the economy

    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.

  • Service sector continues to support economic growth

    Stocks were higher again last week on news that the U.S. and China will hold high-level trade discussions in October.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • Trade uncertainty continues to drive market volatility

    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.

  • Consumer spending continues to support economic growth

    Stocks had their best week since June as trade tensions with China showed some signs of easing.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • U.S. Interest Rate Forecasts — 4th Quarter

    We have had two rate cuts in 3Q, and at least one more is likely in the final two FOMC meetings of 2019.

  • Bank & Thrift Newsletter

    1. Daily Fix, 2. Bank, Thrift & MHC Summary Valuation, 3. Recent Bank M&A Transactions, 4. Relevant Janney Capital Markets Professionals

  • A healthy consumer and still optimistic small business bodes well for growth

    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.

  • Bank & Thrift Newsletter

    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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