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So What Happens Next in the Market and the Economy?

By David O'Malley | August 31, 2015

As expected, last week we saw tremendous volatility in the markets. The Dow was down over 1,000 points at market open on Monday and had recovered significantly during the remainder of the week.

How to Find Opportunity in a Volatile Market

By Zhiwei Ren | August 28, 2015

In May, I wrote that credit, commodities and foreign exchange markets were all sending warning signals, while the equity markets were remaining relatively calm. Now, the market volatility has finally caught up in the equity markets. To navigate this market, I offer a few suggestions.

Is It Time to Panic, or Is It Time to Buy?

By Mark Heppenstall | August 27, 2015

The markets have been roiled over the last few days, driven largely by news from China. The question on everybody’s mind: What does this mean for my investments?

Watch Emerging Market Currencies for Indications of an Improving Market

By David O'Malley | August 24, 2015

Global equity markets suffered the largest losses in over a year as concerns increase about the strength of the Chinese economy and the implications for emerging market economies around the globe.

The Increasing Relevance of the Private Equity Secondary Market

By Trevor M. Williams | August 20, 2015

Once characterized by its scarce liquidity, the secondary market for private equity interests has evolved into a much more significant and active marketplace.

Yuan Devaluation Surprises Market

By David O'Malley | August 17, 2015

Last week’s surprise announcement from the Chinese government devaluing the Yuan affected markets across the globe.

The Commodity Bloodbath Accelerates

By Greg Zappin | August 13, 2015

It has been a horrible few months for the commodity complex (oil, natural gas, met coal, thermal coal, copper, aluminum, steel, gold, etc.).

September Interest Rate Increase Looking Likely After the Employment Report

By David O'Malley | August 10, 2015

The U.S. Labor Department released July’s employment report confirming the continuation of solid labor market performance.

Is Non-Agency Residential Mortgage-Backed Security (RMBS) Issuance Poised for a Rebound?

By Mark Heppenstall | August 6, 2015

If the expression “time heals all wounds” holds true in the fixed income markets today, investors may finally be ready for an important shift in the composition of Residential Mortgage-Backed Security (RMBS) issuance.

Fed Indicates September Tightening on Employment Gains

By David O'Malley | August 3, 2015

The two key market moving news events of the last week were the Federal Reserve (Fed) meeting and the second quarter gross domestic product (GDP) report.



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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