• Interest Rate Update: Bonds’ Big Moves

    Interest rates across countries have been moving up with unusual speed over the past four to six weeks, leading to sharp declines in the market values of a range of bonds. While 2022 has been one of the worst years for fixed income performance in memory, the activity of the past month stands out as uniquely stark.

  • Anatomy of a Policy Error

    The Federal Reserve Open Market Committee raised their target for overnight interest rates 0.75%, the third increase of that magnitude, and easily the fastest pace of hikes in any three month period in four decades.

  • September Investment Perspectives

    Near-term uncertainty, quantitative tightening measures, and preparing for September stock activity.

  • August Investment Perspectives

    Recession definition, monitoring moves by looking at bond market volatility, and is the tide turning for equities?

  • We're in the Great Game Now

    Excuse the break in the sci-fi themed FOMC notes this July in favor of another favorite. And remember, the great game is terrifying.

  • The Cost of Waiting

    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.

  • July Investment Perspectives

    Recession possibilities, the credit cycle and its phases, and expectations for equities.

  • Outlook 2022: Mid-Year Update

    Among the many concerns expressed in our initial Outlook 2022 publication, inflation has overwritten most of them. So too has the Federal Reserve’s response to it. While we did not think the risk associated with prices running at the highest in four decades would overwhelm consumer behavior so much as to thwart the economic expansion, it has clearly stunted activity.

  • FOMC Commentary: Fed Moves to Red Alert

    The first rate hike of this cycle in March feels awfully far away. After starting moderately, the FOMC today elected to execute the largest rate hike in more than a quarter century on the backs of rising consumer inflation expectations.

  • June Investment Perspectives

    Finding direction with manufacturing and services data, fixed income & economic growth, and issues facing stocks this summer.

  • May Investment Perspectives

    Some things that could go right, a look at TIPS, and stocks and the midterms.

  • These Aren’t the Hikes You’re Looking For

    A long time ago in an economic galaxy far, far away: The Federal Reserve raised their target for overnight interest rates by 50 basis points in one clip—the first time they’ve done so in decades.

  • Investment Perspectives: The stock market correction, cautious optimism on bonds, and market's needed consolidation

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • Investment Perspectives: Housing update, fixed income, and navigating stocks’ volatility

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • Investment Perspectives: Stock Market Corrections, Fixed Income Themes, Equities Move

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • Video: Outlook 2022

    Watch as our Janney strategists discuss what to expect from the economy, equities, and fixed income in the year ahead.

  • Investment Perspectives: Russia-Ukraine tensions, a look back at fixed income, and the key to maximum results in 2022

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • Investment Perspectives: Misery index, Interest rate volatility, and typical stock market moments

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

  • The Supply Chain: Major Themes For Fixed Income Investing

    The “supply chain” is shorthand for the process of numerous inputs that go into delivering what consumers and businesses want or need to purchase. If that definition sounds vague, that would be because it is.

  • Investment Perspectives: Inflation, yield curve volatility, and stocks' best stretch

    Monthly commentary on timely investment and economic issues by Janney analysts Mark Luschini, Guy LeBas, and Gregory Drahuschak.

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