-
Michael Halloran August 16, 2022
President Biden is set to sign into law legislation designed to lower prescription drug prices, boost the renewable energy sector, and impose new taxes on large corporations. We have the following thoughts on this legislation.
-
Michael Halloran August 9, 2022
Stocks rose again for the third straight week as earnings continue to come in better than expected while the July employment report suggests that the U.S. economy is not in recession.
-
Michael Halloran August 2, 2022
Stocks had their best month in July since 2020, with the S&P 500 Index up 9.2%. Messaging from the Federal Reserve (Fed) that was perceived as dovish after they raised short-term interest rates by 0.75%, and better than feared corporate earnings have supported equities. This is outweighing the incoming economic data, which continues to show deceleration.
-
Gregory M. Drahuschak August 1, 2022
After reaching a mid-month low, the S&P 500 ended July with a gain eight times better than its long-term average and the best gain for any month since November 2020. The S&P 500’s 9.11% gain last month was the best result for July in the last 72 years.
-
Gregory M. Drahuschak July 27, 2022
Putting weakened economic conditions into perspective, President Harry S. Truman said: “It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.” Although neither condition exists now, concern that the U.S. economy might face a recession recently has some investors unnecessarily in a state of depression.
-
Michael Halloran July 26, 2022
We continue to see a significant deceleration in the incoming economic data, which raises the risk of recession. Inflation remains the major concern for consumers, businesses, and market participants.
-
Guy LeBas July 19, 2022
This report explains how the “cost of waiting” in cash, as opposed to investing in bonds, has grown and the forward return profile of fixed income instruments is more balanced.
-
Michael Halloran July 18, 2022
Inflation, and the Federal Reserve’s response to it, remains the primary concern of market participants. The longer inflation stays high, the more work the Fed must do via interest rate hikes, which increases the risk of recession.
-
Gregory M. Drahuschak July 12, 2022
To indicate his ultimate responsibility for the actions of his administration, President Harry S. Truman famously had a sign on his desk inscribed with the phrase “The Buck Stops Here.” In a different context, a buck these days has significant influence investors should not overlook ahead of the second-quarter earnings report period.
-
Michael Halloran July 11, 2022
While market concerns are centered on recession fears, the incoming data remains consistent with further, but slower, economic growth.
-
Michael Halloran July 6, 2022
Stocks and most other assets had a very difficult first half of 2022. The S&P 500 Index fell by 24% from its January 3rd peak before its recent bounce, with the index finishing the first half down 20%.
-
Gregory M. Drahuschak June 24, 2022
In the complex and often confusing investing world, investors seek reference tools to guide them as to what to buy and when to buy it.
-
Michael Halloran May 23, 2022
Stocks remain volatile due to stubbornly high inflation readings that are leading to higher bond yields and Federal Reserve interest rate hikes. In this environment, we are often asked what an investor can do to protect their portfolio’s future purchasing power.
-
Gregory M. Drahuschak March 17, 2022
Year-to-date by mid-March this year, the S&P 500 was down 11.2%, which was its fifth-worst start to a year. The common belief that when a year starts poorly the full-year result is poor prompted investor concerns. As typically is true in any assessment of how the stock market will react, reaching simplistic conclusions can be dangerous.
-
Gregory M. Drahuschak March 15, 2022
For weeks, the stock market has been concerned about the potential for the Federal Reserve to raise interest rates for the first time since December 2015. History shows that rate hikes, on their own, are not the consistent drag investors often perceive them to be.
-
Michael Halloran March 11, 2022
Markets remain volatile with attention focused on the uncertainty created by the Ukrainian crisis and the impact this is having on key commodity prices, especially oil.
-
Gregory M. Drahuschak March 8, 2022
Nothing can diminish the severity of the current turmoil in Ukraine on the nation’s citizens and to a wider extent, anyone that craves peace. Nonetheless, as several recent Investment Strategy Group reports showed, events like this typically have relatively modest and short-lived market impact. Not every geopolitical event matches the norms, but history suggests that the Ukraine situation is not likely to impair the market for long.
-
Mark Luschini and Guy LeBas January 13, 2022
Watch as our Janney strategists discuss what to expect from the economy, equities, and fixed income in the year ahead.
-
December 7, 2021
Explore the Impact of the endowment effect, sunk-cost fallacy, and illusion of control.
-
Mark Luschini October 5, 2021
Exploring Overconfidence, Anchoring, and Herding