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.

  • October Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak October 10, 2024

    We take a closer look at economic activity in China, the potential changes to tax exemptions and what that might mean for munis, and how earnings expectations drive stock prices.

  • Lower Inflation and Interest Rates Support Stocks

    Michael Halloran October 7, 2024

    Inflation continues to move lower toward the Federal Reserve’s 2.0% target while consumer sentiment is improving, which bodes well for future spending growth.

  • 91 Days That Matter

    Gregory M. Drahuschak October 1, 2024

    As the calendar turns ever closer to the November 5 election and polls become daily events, the connection between the stock market and the election becomes increasingly important.

  • Cyclical Stocks Reacting Favorably to Fed Interest Rate Cuts

    Michael Halloran September 26, 2024

    September business surveys, Chicago Federal Reserve (Fed) National Activity Index, Philly Fed state coincident indexes, and jobless claims are all consistent with further economic growth.

  • Landing the Beast

    Guy LeBas September 18, 2024

    The Federal Reserve Open Market Committee (FOMC) reduced its target for interest rates by 0.50% to a range of 4.75 – 5.00%, kicking off the hiking cycle with a bang.

  • The First Cut is the Deepest: Bond Markets in the Next Stage of the Cycle

    Guy LeBas September 17, 2024

    This report will explore the potential scenarios for bond market performance in the six months following an initial Fed rate cut, keeping in mind the unique economic landscape we find ourselves in today.

  • September Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak September 10, 2024

    A look at labor conditions and what they signal for the path ahead, how low interest rates will go, and if September’s FOMC meeting will bring more volatility.

  • Thoughts on Current Market Pullback

    Michael Halloran August 8, 2024

    While the recent stock market drawdown has been sharp, it has not reached the magnitude of the market decline in a typical year, and the market is still 9% higher than at the start of the year.

  • August Investment Perspectives

    Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 8, 2024

    In this issue of Investment Perspectives, we discuss the impact of the election on the market, floating rate bond performance during times of rate cuts, and using P/E to determine a stock's valuation.

  • Foaming The Runway

    Guy LeBas July 31, 2024

    The Federal Reserve Open Market Committee left their target for interest rates unchanged at a range of 5.25 – 5.50%, the 12th month of unchanged overnight rates.

 

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