Market Commentary

Stay up-to-date on market news with regular insights from our Janney investment analysts and strategists to help you understand today’s markets and their investment implications.

  • A Holding Pattern

    Guy LeBas September 20, 2023

    The Federal Reserve Open Market Committee left its target for overnight interest rates unchanged at a range of 5.25 – 5.50%, continuing its every-other-meeting approach.

  • September Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak September 11, 2023

    In this issue we take a look at BRICS+ and potential investment opportunities, determine if bond market supply matters, and discuss why September is a more worrisome month for stocks than October.

  • August Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 9, 2023

    In the latest Investment Perspectives we discuss why GDP matters for investors, explore ways to structure a core holding of long-term bonds, and determine if the market can cast aside seasonal weakness and build on the July rally.

  • One Last Time for the Cheap Seats?

    Guy LeBas July 26, 2023

    You’d be forgiven for experiencing de ja vu with regard to our FOMC note titles: this is the second time we’ve argued this is *probably* the last rate hike of the cycle. But this time it’s for real.

  • July Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak July 11, 2023

    We take a look at why China's economic recovery has struggled, the core-satellite method of portfolio construction, and how the recent tech-stock dominance offers a reminder of past performance.

  • Outlook 2023: Mid-Year Update

    Mark Luschini and Guy LeBas July 5, 2023

    In our initial Outlook 2023 publication, we offered a thesis around the concept of two-way risk.

  • June Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak June 9, 2023

    We examine the plausibility of avoiding a recession this year, what happens to the bond market now that the debt-ceiling saga ended, and what's expected to weigh on the stock market this month.

  • May Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak May 9, 2023

    We examine why it has not looked like a recession yet, how the Fed policy tools have changed, and whether the stock market will remain resilient through the coming months.

  • Once More into the Breach

    Guy LeBas May 3, 2023

    Once more into the breach, dear friends, once more: the Federal Reserve Open Market Committee raised its target for overnight interest rates by 0.25% to a range of 5.00–5.25%, capping a total of 5.00% of tightening in little more than a year.

  • April Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak April 11, 2023

    We examine whether the recent bank failures carry further implications for the economy, determine if the shape of the yield curve is a sign of an imminent recession, and share valuable lessons as the second quarter begins.

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