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Gregory M. Drahuschak February 19, 2020
The cliché that a rising tide lifts all ships points out that in a bull market most stocks move up. Multiple times in the past 40 years, however, the market tide allowed some stocks to rise much more than others.
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Gregory M. Drahuschak February 13, 2020
In order of importance, the direction of the overall market, sector selection, and individual stock choices determine equity market portfolio returns.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak February 6, 2020
Financial markets take their cue from dovish guidance, strong muni performance, and the election's impact on the market are included in this month's Investment Perspectives.
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Gregory M. Drahuschak January 31, 2020
The impeachment trial of U.S. President Donald Trump has captured the world’s attention. Investors, in particular, are interested in the effect the current proceedings will have on the equity market. This report will focus on the economic circumstances that surrounded past impeachments and show that what appears to matter more to the markets is the state of the underlying economy.
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Gregory M. Drahuschak January 28, 2020
Presidential election years attract investors’ attention because of the belief that the election process and outcome can influence the equity market. However, it is worth considering the impact the economy has on elections.
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Gregory M. Drahuschak January 27, 2020
For the 11th time in the past 50 years, global equity markets paused to assess a developing health concern. The spread of the latest coronavirus strain rekindled memories of the severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome coronavirus (MERS) that also prompted global health and economic concerns.
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Gregory M. Drahuschak January 16, 2020
Following the peak in 1981, interest rates experienced a 39-year decline. A 2% yield on Treasury notes or bonds now is not achievable without going out to the 30-year Treasury bond, and the yield on the S&P 500 is approximately 1.8%.
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Gregory M. Drahuschak January 9, 2020
The vast array of information available today should allow consumers and investors consistently to make rational decisions, but as the rapidly developing field of behavioral economics recognizes, emotions influence nearly every economic choice we make.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak January 8, 2020
Major issues persist with our optimistic outlook, a look back to fixed income in 2019, and a repeat of the market's 2019 result does not appear probable.
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Gregory M. Drahuschak December 10, 2019
Selecting which sectors will be the best performers in the S&P 500 is an ongoing exercise, but never more so than near the start of a new year.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak December 9, 2019
Global conditions are improving, inflation remains low, and December is poised to be a good month.
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Gregory M. Drahuschak November 25, 2019
Done correctly, the selection of individual common stocks requires rigorous effort. Investors, however, often seek a way to shortcut this process.
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Gregory M. Drahuschak November 21, 2019
Although it is nearly a year away, investors are already considering the potential equity market impact of the 2020 United States presidential election.
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Gregory M. Drahuschak November 21, 2019
The fear that new stock market heights might lead to a sharp downturn can prompt costly decisions.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak November 6, 2019
Investment Perspectives provides insight into the markets from three of Janney's elite strategists.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak October 8, 2019
Investment Perspectives provides insight into the markets from three of Janney's elite strategists.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak September 24, 2019
Investment Perspectives provides insight into the markets from three of Janney's elite strategists.
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Guy LeBas, Mark Luschini and Gregory M. Drahuschak July 10, 2019
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Gregory M. Drahuschak June 21, 2019
Since the market low March 9, 2009, a tidal wave of buying has lifted many market indices to unprecedented levels and taken many equity portfolios with it.
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Gregory M. Drahuschak June 21, 2019
An old cliché says the price is truth, but there are times when price alone does not tell the whole story. We think this is one of those times.