-
Guy LeBas March 23, 2020
Financial markets have, in the past four weeks, experienced extreme volatility and in many cases losses. While the depth of the value declines in many markets were worse during the Global Financial Crisis more than a decade ago, the pace of value declines has been far steeper with the COVID-19 Crisis.
-
Gregory M. Drahuschak March 19, 2020
The second in a series about the presidential election. The first report in this series was published in January.
-
Guy LeBas March 19, 2020
Financial markets are not broken.
-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 19, 2020
Janney's analysts discuss the global pandemic's impact on the economy.
-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 18, 2020
Janney's analysts discuss the global pandemic's impact on the economy.
-
Mark Luschini March 18, 2020
A noted psychologist and professor at Princeton University, Daniel Kahneman, talked of having a “well-calibrated sense of your future regret.”
-
Gregory M. Drahuschak March 17, 2020
The equity market yesterday began with pre-opening futures down the limit, as circuit breakers were implemented at the opening, which required a 15- minute trading halt.
-
Michael Halloran March 16, 2020
In lieu of our usual Weekly Bulletin, we are publishing this special report to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points.
-
Gregory M. Drahuschak March 16, 2020
Numerous press headlines compared the infamous October 19, 1987, market crash with the March 12, 2020, drop of 2,352.60 in the Dow Jones Industrial Average (9.99%) and the 9.51% drop in the S&P 500. The stories were factually accurate by pointing out that the March 12 drop was the largest since “Black Monday” 1987, but they largely failed to consider what happened afterwards.
-
Guy LeBas March 16, 2020
Former U.S. Treasury Secretary Hank Paulson, in the early phases of the financial crisis, described the Troubled Asset Relief Program (TARP) as a policy “bazooka” that the Treasury Department wanted just in case.
-
Guy LeBas March 13, 2020
Market conditions are evolving rapidly, but we will try to unpack some of the factors involved.
-
Gregory M. Drahuschak March 12, 2020
Events over many years have arisen that appeared to threaten what had been an inexorable rise in the U.S. stock market. Selling stocks on fear of these events typically proved to be a major mistake.
-
Gregory M. Drahuschak March 12, 2020
Analyst Greg Drahuschak explains that despite recent market turmoil, the equity market is at a level that offers significant opportunities.
-
Mark Luschini March 9, 2020
Oil markets are once again facing a price collapse—not unlike the swan dive seen when OPEC’s market-share war took prices from more than $110/barrel in mid-2014 to $26/barrel by early 2016.
-
Michael Halloran March 9, 2020
Stock market volatility continued last week while Treasury bond yields reached all-time lows.
-
Guy LeBas March 9, 2020
U.S. Treasuries and other high-grade, longer-duration fixed income assets have seen an unprecedented wave of panic buying.
-
March 9, 2020
1. Bank, Thrift & MHC Summary Valuation, 2. Recent Bank M&A Transactions, 3. Relevant Janney Capital Markets Professionals
-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 6, 2020
Coronavirus concerns and election uncertainty caused waves in the economy and financial markets.
-
Michael Halloran March 5, 2020
Markets responded positively to Joe Biden’s big night on Super Tuesday, as he won most of the contests.
-
Guy LeBas March 4, 2020
Janney’s Investment Strategy Group has maintained a negative disposition for the high yield corporate bond markets for some time now.