Commodity prices

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Oil Beta Percolates Under the Market’s Surface

By Greg Zappin | April 27, 2017

Oil prices were the big story in the credit markets from the fall of 2014 through the fall of 2016 as the 40% decline in benchmark WTI helped drive a… Read More

Capital Market Outlook for 2017

By Mark Heppenstall | January 20, 2017

Nearly eight years into one of the most unloved bull markets ever for U.S. equities and credit, the rally now appears ready for “extra innings.” Despite increasingly full valuations and an earnings recession for U.S. companies during a recent five-quarter stretch, proposed economic policies under the Trump administration will be supportive of domestic economic growth and corporate profits.

Is the Success of Monetary Policy Good for Investors?

By Zhiwei Ren | August 18, 2016

If the original goal of monetary easing was to stimulate growth and inflation, we can say it has failed. The question is: Do investors want the central banks to succeed eventually?

Greek Debt Fatigue

By Mark Heppenstall | June 10, 2016

Investors have grown increasing weary of the continuing saga surrounding the Greek debt crisis, and understandably so. When the crisis first emerged in 2010, investors questioned its potential impact on the health of the global economy and whether the eurozone alliances might crack under the weight of unsustainable sovereign debt loads. That hasn’t happened, so far.

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?

FOMC the Hawks Awaken

By David O'Malley | December 21, 2015

The hawks on the Federal Open Market Committee (FOMC) awakened last week from their decade-long slumber.

Stocks Decline with Commodities on Weak Earnings and Fed Fears

By David O'Malley | November 16, 2015

After closing in on the highs for the year, stocks sold off last week as declining commodity prices and weak earnings weighed on sentiment.

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?

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.



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.

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