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Earnings Heat Up This Week

By David O'Malley | July 17, 2017

Second quarter earnings will receive significant attention this week, as stocks pushed to new highs on the S&P 500 Index last week. Expectations for solid earnings reports have been growing over the past few weeks and are necessary to keep stocks grinding higher.

Stay Defensive on Asset Valuations Due to Uncertainty

By David O'Malley | October 17, 2016

Both stocks and bonds lost ground last week as significant uncertainty remains ever present in market dialog. The week ahead holds more potentially negative headlines for asset prices.

Central Banks to the Rescue Again

By David O'Malley | July 5, 2016

Last week started with risk markets around the globe continuing the plunge that began with the Brexit vote. However, as central banks around the globe indicated they stood ready to combat any negative impacts from Brexit, risk markets rallied and ended the week higher.

Waiting for the Brexit Vote

By David O'Malley | June 20, 2016

After last week’s Federal Open Market Committee (FOMC) meeting, in which the Fed lowered its longer-term expectation for interest rates, we now await the upcoming vote in the U.K. on Brexit.

Global Trade Outlook: A Tale of Two Vessels

By Jason Merrill | February 11, 2016

Weakening coal demand from China remains a drag on global trade. However, crude oil tankers have stayed quite busy and full.

The Challenge of Constructing a Defensive Portfolio in the Current Market

By Zhiwei Ren | January 28, 2016

As of last Friday, 1/22/16, the S&P 500 Index was down almost 7%, German Dax down 7%, Japan Nikkei down 10%, and the Shanghai stock exchange index down 17%. These are extreme moves in a very short time frame. What is market trying to tell us? And how should we navigate this market?

2016 Off to a Shaky Start

By David O'Malley | January 11, 2016

The first few trading days of 2016 have seen U.S. equities put in their worst performance to start a year ever and their worst week since 2011.

Equity Market Still Likes Monetary Stimulus

By David O'Malley | October 26, 2015

Despite weak economic data and mediocre earnings, stocks have rallied sharply on expected additional monetary stimulus from the European Central Bank (ECB).

The Top 6 Concerns for the Remainder of 2015

By David O'Malley | September 16, 2015

I recently invited a portfolio manager from one of our sub-advisers, David Giroux of T. Rowe Price Associates, to share his perspective on the markets and the economy. As you will see, David and I have similar concerns on many of the issues facing investors today, but we each have our own perspective.

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.



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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