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Gregory M. Drahuschak April 17, 2020
The broad-based drop in the equity market off the February 19, 2020, high and the resulting decline in most portfolio values easily could be blamed solely on the virus and its massive economic impact. Investors, however, need to consider whether the overall market drop alone deteriorated their portfolios.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 16, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
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Guy LeBas April 16, 2020
Preferred securities occupy an unusual spot in the financial markets. Part bond and part stocks, preferreds are largely the province of individual investors, not institutions. That status represents a stark contrast to other higher-risk fixed income asset classes, such as high yield corporate bonds, which have primarily an institutional ownership base.
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April 15, 2020
Stay-at-home orders issued to slow the spread of the COVID-19 (coronavirus) pandemic have had overwhelming effects on the job market, with 6.6 million Americans filing initial unemployment claims in the final week of March.*
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Michael Halloran April 13, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following observations as developments continue to unfold.
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Gregory M. Drahuschak April 9, 2020
A lull in primary elections and the overwhelming focus on COVID-19 shoved the presidential election into the background. Nonetheless, the 2020 presidential election will be held November 3, 2020. COVID-19, however, already has altered the process.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 9, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 7, 2020
Coronavirus concerns and election uncertainty caused waves in the economy and financial markets.
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Michael Halloran April 6, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points as developments continue to unfold.
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April 6, 2020
As of April 2, the American Clinical Lab Association (ACLA) indicated that group members have performed 1,093,000 tests compared to a cumulative total of 27,000 on March 17.
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Dan Wantrobski April 3, 2020
In light of the historical declines and technical conditions generated by financial markets over the last few weeks, we took another look at some of the more significant correction cycles and crashes in the stock market’s long history, aligning our current glide path against these periods to uncover possible, not necessarily probable, outcomes going forward. This exercise is not meant to make exacting comparisons or predictions, but to learn from past cycles about what the markets might be capable of in the months ahead.
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Gregory M. Drahuschak April 3, 2020
The recent drop in stock prices has captured the attention of most investors. In a seemingly unrelated issue, a massive oversupply problem created a waterfall-like drop in the price of oil. It might appear that the performance of the S&P 500 and WTI is only coincidental, but history suggests otherwise.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 2, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
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Michael Halloran April 2, 2020
A fundamental tenant of equity income investing is the sustainability of the dividend. A firm must generate sustainable earnings in order to pay a sustainable dividend. Often, a high dividend yield may look very enticing when actually it’s a sign that earnings, and consequently, dividends are about to be cut. This high yield distress signal occurs when the firm’s economic fundamentals are deteriorating.
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Michael Halloran March 31, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points as developments continue to unfold.
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Michael Halloran March 27, 2020
In response to the coronavirus economic shock, Congress just passed and we expect President Trump to sign into law, a massive, unprecedented economic stimulus package designed to bridge the economy through this extraordinary period.
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Michael Halloran March 25, 2020
In response to the coronavirus economic shock, the Senate and White House have agreed to a massive, unprecedented economic stimulus package designed to bridge the economy through this extraordinary period. This plan will be helpful to shallow the economic damage that has already been incurred, and will likely continue to be inflicted, until the outbreak subsides. While some details could change before final approval, major provisions included in the $2 trillion package are discussed below.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 24, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
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Michael Halloran March 23, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points as developments continue to unfold.
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Gregory M. Drahuschak March 23, 2020
Rebalancing is a useful process at any point in a market cycle. While the market is rising, gradually adjusting the equity to fixed income or cash allocation can leave a portfolio less exposed to adverse events. There is a practical way to assess individual stocks that can lead to rebalancing while determining the worthiness of each portfolio member.