What will it take for markets to regain solid footing in 2023? Tom Wald, CFA® and Chief Investment Officer of Transamerica Asset Management, Inc., looks at investor concerns and opportunities as a new year dawns.
Debt Ceiling Agreement Heads to Congress
President Joe Biden and House Speaker Kevin McCarthy and their respective negotiating teams have reached an agreement to suspend the nation’s $31.4 trillion debt ceiling until January 2025.
Debt Ceiling and Default Risk
The U.S. is flirting with a potentially devastating default and investors have much to ponder as they wait for a deal to be struck. Here's what you should know.
Banks and the Markets: What Investors Need to Know
Sudden bank collapses in the U.S. and growing global banking concerns are spurring government action. Here's what investors should keep in mind.
Here is What's Different so far in 2023
Two months into 2023, it appears fixed income and equity investors have a lot more working for them than against them. Here's why.
Podcast Series: Market Pulse
Transamerica Asset Management, Inc. CIO Tom Wald looks at the markets, economy, COVID-19 impacts, and more.
Access all prior episodes of the Market Pulse podcast below.
TAM Market Insights
May Fed Meeting
After 10 rate hikes since March 2022, is the Fed now in wait-and-see mode? Should investors expect rate cuts later this year? Tom Wald offers important points to consider.
TAM Market Insights
The equity market remains resilient four eventful months into 2023, yet some expectations have changed. Tom Wald updates the Transamerica 2023 Market Outlook and what he thinks investors can expect next.
Chief Investment Officer Of Transamerica Asset Management, Inc.
About the author
Tom is the Chief Investment Officer of Transamerica Asset Management, the mutual fund arm of Transamerica. Tom has more than 30 years of investment management experience and has managed large mutual fund portfolios and separate accounts.
As a member of the senior management team, Tom heads Transamerica Asset Management’s thought leadership efforts and provides perspectives to advisors, clients, the media, and general public. He writes and publishes Transamerica’s Market Outlook and other relevant commentary. He also heads Transamerica’s mutual fund sub-adviser selection and monitoring process, as well as product management. Tom holds a bachelor's degree in political science from Tulane University and an MBA in finance from the Wharton School at the University of Pennsylvania.
Investments are subject to market risk, including the loss of principal. Asset classes or investment strategies described may not be appropriate for all investors.
Past performance does not guarantee future results.
Equities are subject to market risk meaning that stock prices in general may decline over short or extended periods of time.
Fixed income investing is subject to credit rate risk, interest rate risk, and inflation risk. Credit risk is the risk that the issuer of a bond won’t meet their payments. Inflation risk is the risk that inflation could outpace a bond’s interest income. Interest rate risk is the risk that fluctuations in interest rates will affect the price of a bond. Investing in floating rate loans may be subject to greater volatility and increased risks.
Growth stocks typically are particularly sensitive to market movements and may involve larger price swings because their market prices tend to reflect future expectations. Growth stocks as a group may be out of favor and underperform the overall equity market for a long period of time, for example, while the market favors “value” stocks.
Value investing carries the risk that the market will not recognize a security’s intrinsic value for a long time or that an undervalued stock is actually appropriately priced.
Investments in global/international markets involve risks not associated with U.S. markets, such as currency fluctuations, adverse social and political developments, and the relatively small size and lesser liquidity of some markets. These risks may be greater in emerging markets.
The COVID-19 pandemic has caused substantial market disruption and dislocation around the world including the U.S. Economies and financial markets throughout the world are increasingly interconnected. Economic, financial, or political events, trading and tariff arrangements, terrorism, technology and data interruptions, natural disasters, and other circumstances in one or more countries or regions could be highly disruptive to, and have profound impacts on, global economies or markets.
The information included in the document should not be construed as investment advice or a recommendation for the purchase or sale of any security. This material contains general information only on investment matters; it should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The information does not take into account any investor’s investment objectives, particular needs, or financial situation. The value of any investment may fluctuate. This information has been developed by Transamerica Asset Management, Inc. and may incorporate third-party data, text, images, and other content to be deemed reliable.
Comments and general market-related projections are based on information available at the time of writing and believed to be accurate; are for informational purposes only, are not intended as individual or specific advice, may not represent the opinions of the entire firm, and may not be relied upon for future investing. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decisions.
Transamerica Asset Management, Inc. (TAM) is an SEC registered investment adviser that provides asset management, fund administration and shareholder services for institutional and retail clients. The funds advised and sponsored by TAM include Transamerica Funds and Transamerica Series Trust. Transamerica Funds and Transamerica Series Trust are distributed by Transamerica Capital, Inc. (TCI), member FINRA. TAM is an indirect wholly owned subsidiary of Aegon N.V., an international life insurance, pension, and asset management company.