• Healthy Labor Market Not Consistent With Recession

    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.

  • Earnings Remain a Key Support for Stocks

    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.

  • Further Evidence of Economic Slowdown

    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.

  • How Much Recession Risk is Baked Into Stocks

    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.

  • A Further Moderation in Economic Growth

    While market concerns are centered on recession fears, the incoming data remains consistent with further, but slower, economic growth.

  • The Race Between the Fed and Inflation Continues

    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%.

  • Stocks Rebound Despite More Signs of Economic Slowdown

    The S&P 500 Index rebounded 6.4% last week, with its best day since 2020 on Friday, as fears of an aggressive Federal Reserve (Fed) receded.

  • Portfolio Positioning for High Inflation

    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.

  • Cybersecurity Update

    This paper reviews the critical aspects of cybersecurity and security spending.

  • How big of an oil price spike can the U.S. consumer and economy take?

    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.

  • Income Producing Asset Options

    We are often asked about the best options for generating portfolio income, especially given today’s low interest rate environment. This piece reviews important income-generating asset classes and includes ideas from various Janney disciplines, including the Investment Strategy Group, Wealth Management, and Capital Markets.

  • Impact of higher oil prices due to the Russian–Ukrainian conflict

    Markets remain volatile with attention focused on the uncertainty created by the Russian-Ukrainian conflict, especially the immediate impact this is having on higher oil prices. We have the following observations as this crisis continues to unfold.

  • Investment implications of sino-u.s. economic decoupling

  • The Case for Infrastructure Spending

    Congress recently passed the $1.2 trillion infrastructure bill, formally called the Infrastructure Investment and Jobs Act, and President Biden said he would sign the landmark bill into law soon.

  • A guide to environmental, social, and governance (ESG) investing

    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.

  • Clean energy investment implications

    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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