-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 2, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
-
Michael Halloran April 2, 2020
A fundamental tenant of equity income investing is the sustainability of the dividend. A firm must generate sustainable earnings in order to pay a sustainable dividend. Often, a high dividend yield may look very enticing when actually it’s a sign that earnings, and consequently, dividends are about to be cut. This high yield distress signal occurs when the firm’s economic fundamentals are deteriorating.
-
Michael Halloran March 31, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points as developments continue to unfold.
-
Michael Halloran March 27, 2020
In response to the coronavirus economic shock, Congress just passed and we expect President Trump to sign into law, a massive, unprecedented economic stimulus package designed to bridge the economy through this extraordinary period.
-
Michael Halloran March 25, 2020
In response to the coronavirus economic shock, the Senate and White House have agreed to a massive, unprecedented economic stimulus package designed to bridge the economy through this extraordinary period. This plan will be helpful to shallow the economic damage that has already been incurred, and will likely continue to be inflicted, until the outbreak subsides. While some details could change before final approval, major provisions included in the $2 trillion package are discussed below.
-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 24, 2020
Janney's analysts discuss the market and the consequences of coronavirus.
-
Michael Halloran March 23, 2020
In lieu of our usual Weekly Bulletin, we are publishing special reports to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points as developments continue to unfold.
-
Guy LeBas March 23, 2020
Financial markets have, in the past four weeks, experienced extreme volatility and in many cases losses. While the depth of the value declines in many markets were worse during the Global Financial Crisis more than a decade ago, the pace of value declines has been far steeper with the COVID-19 Crisis.
-
Guy LeBas March 19, 2020
Financial markets are not broken.
-
Mark Luschini, Guy LeBas and Gregory M. Drahuschak March 19, 2020
Janney's analysts discuss the global pandemic's impact on the economy.
-
Mark Luschini March 18, 2020
A noted psychologist and professor at Princeton University, Daniel Kahneman, talked of having a “well-calibrated sense of your future regret.”
-
Gregory M. Drahuschak March 17, 2020
The equity market yesterday began with pre-opening futures down the limit, as circuit breakers were implemented at the opening, which required a 15- minute trading halt.
-
Michael Halloran March 16, 2020
In lieu of our usual Weekly Bulletin, we are publishing this special report to discuss the market reaction to evolving news on the coronavirus outbreak. We would stress the following points.
-
Gregory M. Drahuschak March 16, 2020
Numerous press headlines compared the infamous October 19, 1987, market crash with the March 12, 2020, drop of 2,352.60 in the Dow Jones Industrial Average (9.99%) and the 9.51% drop in the S&P 500. The stories were factually accurate by pointing out that the March 12 drop was the largest since “Black Monday” 1987, but they largely failed to consider what happened afterwards.
-
Guy LeBas March 13, 2020
Market conditions are evolving rapidly, but we will try to unpack some of the factors involved.
-
Gregory M. Drahuschak March 12, 2020
Analyst Greg Drahuschak explains that despite recent market turmoil, the equity market is at a level that offers significant opportunities.
-
Mark Luschini March 9, 2020
Oil markets are once again facing a price collapse—not unlike the swan dive seen when OPEC’s market-share war took prices from more than $110/barrel in mid-2014 to $26/barrel by early 2016.
-
Guy LeBas March 9, 2020
U.S. Treasuries and other high-grade, longer-duration fixed income assets have seen an unprecedented wave of panic buying.
-
Michael Halloran March 4, 2020
The coronavirus (COVID-19) has now spread to the U.S. and other parts of the world after China’s severe measures to contain it failed.
-
Gregory M. Drahuschak February 26, 2020
Risk typically is defined as the exposure to the possibility of loss or injury, but risk means different things to different people.