Latest Stories

Venture Capital Investors Could Benefit from Reduced Corporate R&D Spending

By Trevor M. Williams | April 30, 2015

Corporations are shifting money once devoted to in-house R&D towards corporate venture funds that invest in start-ups with promising technologies.

NASDAQ Reaches All-Time High as the S&P500 Index Breaks Out of its Short-Term Trading

By David O'Malley | April 27, 2015

It took 15 years, but the NASDAQ finally made a new all-time high last week. In 2000, the Price/Earnings (PE) ratio was 194 versus a ratio of 21 today. But what else was going on in 2000?

What’s Behind the Impressive Rally on the Shanghai Stock Market?

By Zhiwei Ren | April 23, 2015

China’s Shanghai index is up 32% year-to-date, and up 108% in the last year, making it easily the best performing equity index in the world. What is driving this rally?

Market and Economic Signals Remained Mixed

By David O'Malley | April 20, 2015

Overall economic indicators remain mixed in the U.S., while concern continues for the performance of the global economy. Last week’s U.S. economic data added to the difficulty in determining the direction of the U.S. economy, with a few indicators pointing to stronger growth and others showing continuing signs of sluggishness.

CEO David O’Malley Talks “Baby Bear” Market on CNBC Power Lunch

By Keith Huckerby | April 17, 2015

In his return appearance to CNBC, CEO David O’Malley appeared in studio with anchor Amanda Drury.

Are Global Negative Rates Pulling U.S. 30-Year Treasury Yields Lower?

By Jason Merrill | April 16, 2015

Over the past nine months, we have seen an increasing number of countries with sovereign bonds trading at negative yields. The correlation coefficient between global bonds trading with negative yields and the 30-year U.S. Treasury yield is a strong -0.82.

David O’Malley Returns to CNBC Power Lunch

By Penn Mutual Asset Management | April 15, 2015

With the European Central Bank (ECB) slated to announce its growth forecasts for the Eurozone, David O’Malley joins CNBC Power Lunch with Amanda Drury at 1:15 pm ET this afternoon discuss the ECB’s activity and the broader impact on the markets and global economy.

Definitive Direction on Economy Remains Elusive, but This Week May Tell

By David O'Malley | April 13, 2015

Last week’s economic data, Fed minutes and New York Fed President William Dudley’s comments only added to the questions surrounding the strength of the economy and the timing of any increase in interest rates.

Energy Companies Demonstrate Resilience with Stock Issues

By Greg Zappin | April 9, 2015

To their credit, as it became clear that oil prices would stay lower for longer, the management teams of energy companies responded aggressively.

Weak Employment Number Adds to Uncertainty

By David O'Malley | April 6, 2015

The disappointing March employment number announced last Friday adds to the uncertainty surrounding the economy, the Fed, and the markets.



Disclosure Statement

This blog post is for informational use only. The views expressed are those of the author, Dave O’Malley, and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Any statements about financial and company performance of The Penn Mutual Life Insurance Company or its insurance subsidiaries (each, “Client”) made by the author is provided with a written consent from the Client.  Penn Mutual Asset Management is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.

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Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice.  The information and opinions contained in this material are derived from sources deemed to be reliable but should not be assumed to be accurate or complete.  Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements.  Actual results may differ significantly.  Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.

Investing involves risk, including possible loss of principal.  Past performance is no guarantee of future results.  All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. There is no representation or warranty as to the accuracy of the information and Penn Mutual Asset Management shall have no liability for decisions based upon such information.

High-Yield bonds are subject to greater fluctuations in value and risk of loss of income and principal. Investing in higher yielding, lower rated corporate bonds have a greater risk of price fluctuations and loss of principal and income than U.S. Treasury bonds and bills. Government securities offer a higher degree of safety and are guaranteed as to the timely payment of principal and interest if held to maturity.

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