Tax reform

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Tax Reform for Financial Institutions

By Hong Mu | February 1, 2018

Tax return season is quickly approaching. Personally, I’m grateful I will not be filing tax returns for any major financial institutions, as the abundant regulations imposed on many of them… Read More

2018 Capital Markets Outlook

By Mark Heppenstall | January 12, 2018

Despite correctly calling the long-running bull market to extend into “extra innings” last year, we did not foresee financial markets finishing 2017 with a perfect batting average. For the first… Read More

Is the New Tax Law Really a Tax Cut for High Yield Corporations?

By Scott Ellis | January 4, 2018

First, Happy New Year to everyone out there! For the first chart of the week of the new year, I’ve taken a deeper look at the potential winners and losers… Read More

Tax Reform Expected to be Signed into Law This Week

By David O'Malley | December 18, 2017

After a lot of anticipation and a busy congressional review process this fall, it looks highly probable that tax reform will be passed into law this week. With the remaining holdout Republican Senators publicly announcing their support, the path is now clear for the largest change in tax policy in three decades.

Economic Data Overshadowed by Events in Washington

By David O'Malley | December 4, 2017

The events in Washington overshadowed the release of solid economic data last week. With consistent economic data emerging over the last few weeks, markets have shifted their primary attention to the events in Washington. 

Fed Minutes and Tax Reform

By David O'Malley | November 20, 2017

This holiday-shortened week is highlighted by the release of the minutes from the most recent Federal Open Market Committee (FOMC) meeting and any potential updates regarding the progress of tax… Read More

Inflation Data this Week to Remain Subdued 

By David O'Malley | November 13, 2017

Tuesday’s release of the Producers Price Index (PPI) and Wednesday’s release of the Consumer Price Index (CPI) will be the economic data highlights this week. With inflation remaining stubbornly low despite strong employment conditions and the odds of a December interest rate increase running around 80%, the importance of the pace of inflation data takes on greater significance.

And the Next Fed Chair is?

By David O'Malley | October 23, 2017

Stocks rallied and bond yields rose last week on optimism for the Republicans to successfully pass tax reform and on strength in third quarter corporate earnings. These two factors will probably continue to move markets in the coming week.

Hurricane Recovery and Economic Impact

By David O'Malley | September 11, 2017

The one-two punch of Hurricanes Harvey and Irma has impacted so many in Texas, Florida and throughout the Southern part of the U.S. We keep all of those impacted in our thoughts and wish them a speedy recovery.
Markets will be looking at how these two storms will impact the economy both in the near term and farther down the line. In the short term, the potential is for the storms to put downward pressure on economic performance and distort statistics (like the rise in unemployment claims last week), but the rebuilding process will be a boost to the economy.

Will Falling Unemployment Finally Lead to a Pickup in Wages?

By David O'Malley | July 31, 2017

Last week saw strong corporate earnings and continued growth in the U.S. economy. U.S. GDP for the second quarter was 2.6% according to the Bureau of Economic Analysis’ advanced estimate. The strength in the economy was driven by robust business investments for the quarter. Further, the failure of the Republican plan to repeal and/or replace the Affordable Care Act drove headlines last week.



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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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