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Guy LeBas July 29, 2021
The June FOMC meeting was one that launched a billion flatteners. The combination of Fed policymakers leaving inflation forecasts unchanged, but predicting more rate hikes in 2023 ran smack into 12 months of verbal assurances that rate hikes would be less sensitive to inflation in the coming cycle.
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Michael Halloran July 26, 2021
Despite volatility early in the week, stocks reached new highs again last week. Investor concern centers around the delta variant as rising cases have led some economies to re-impose restrictions.
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Michael Halloran July 19, 2021
With stocks reaching new highs on a regular basis, we are often asked what can provide future support for the market.
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Mark Luschini July 19, 2021
Exploring Familiarity Bias, Framing Bias, and Mental Accounting
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak July 14, 2021
Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak July 13, 2021
Janney's analysts discuss the latest developments in the fixed income and equity markets.
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Michael Halloran July 12, 2021
Stocks had a choppy week, but once again reached record highs. We expect stocks to continue benefitting from strong economic and profit growth, despite concerns over further virus headwinds and economic growth off historical peaks.
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Michael Halloran July 6, 2021
Stocks had an impressive first half of the year with the S&P 500 Index up 8.2% in the second quarter and up 14.4% for the first half of the year, its second-best start this century.
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Michael Halloran June 28, 2021
Stocks had another good week and the S&P 500 Index is now up 14.8% year-to-date as we approach the halfway mark for the year.
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Michael Halloran June 24, 2021
Environmental, Social, and Governance (ESG) investing is a rapidly growing investment discipline that includes many factors that make up traditional corporate best practices. Consequently, many firms that score well on ESG metrics are also solid investment opportunities. While ESG evaluation is popular with women and millennials—two groups that continue to gain prominence in the investment world—it continues to gain importance for all investors. This piece reviews ESG investing.
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Michael Halloran June 24, 2021
With concerns mounting about the human influence on climate change, highlighted by U.S. President Joe Biden rejoining the Paris Agreement on his first day in office, the importance of clean energy to the economy continues to grow.
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Michael Halloran June 21, 2021
Stocks fell last week after the Federal Reserve (Fed) shifted its forward guidance on interest rates in a hawkish direction. Fed officials signaled they expect to raise interest rates by late 2023, sooner than they anticipated in March.
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Mark Luschini and Guy LeBas June 18, 2021
One can hardly prognosticate about matters of the economy and financial markets without acknowledging the role the vaccination campaign is having on consumer and business activity. Certainly, the news on that front is encouraging, and evidence of conditions returning to normal abound.
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Gregory M. Drahuschak June 18, 2021
Many of today’s market participants did not have to endure the inflation of the 1970s through early 1980s. Revisiting that era is useful, as for first time in many months, the Federal Reserve Open Market Committee (FOMC) gave an indication of when it might consider changing credit policy.
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Guy LeBas June 16, 2021
The cool phrase for this season is the “Hot Vax Summer” (credit to John Oliver). One side effect, as we have seen from the last two months of CPI prints, is that summer 2021 is also turning into the “Hot Inflation Summer.”
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Michael Halloran June 14, 2021
Stocks reached record highs again last week, as the incoming economic data remains consistent with an improving economy and higher profits.
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Gregory M. Drahuschak June 11, 2021
How often would you rely upon something that works only slightly more than half the time?
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak June 10, 2021
Janney's analysts discuss inflation and stock trends.
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Mark Luschini June 8, 2021
A Closer Look at Prospect Theory, Loss Aversion, and Recency Bias
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Michael Halloran June 7, 2021
Stocks had another positive week, with the S&P 500 Index advancing 0.6% and leadership remaining with cyclical sectors.