TAM Market Pulse: Tom Wald
Transamerica Asset Management (TAM)
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Transamerica Asset Management, Inc. (TAM) CIO Tom Wald talks about what investors need to know in a changing market environment.
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Jul 20, 2023
Transamerica Asset Management, Inc., 2023 Mid-Year Market Outlook (07/23)
Halfway through 2023, is it “game on” for investors? Last year’s brutal bear market compelled many to get out of the game, and we are not out of the woods yet. But what happened over the past six months has left much for investors to consider. And the message the current market environment may be sending to those who went to the sideline in 2022 is less about whether long-term opportunities are out there, and more about what the best ones might be. In his latest Market Pulse, Transamerica Asset Management, Inc., CIO Tom Wald discusses his 2023 Mid-Year Market Outlook and looks forward to the second half of the year. Tom previews what he sees unfolding in the coming months with the economy, interest rates, credit markets, U.S. and international stocks, and how each may impact investors.
3005266 07/23
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May 12, 2023
Is the Fed Done? (05/23)
At the conclusion of its May meeting, the Federal Reserve did not clearly indicate if it plans to raise interest rates again in June or pause and potentially conclude the current tightening cycle. Or did it? Tom Wald, CIO of Transamerica Asset Management, Inc., shares his perspective on what actions the Fed may or may not take next in a new Market Pulse. Tom examines rationale the Fed could use as it considers ending rate hikes, and he looks at whether recent developments have made a recession by year-end more likely to occur. And Tom discusses opportunities and risks awaiting stock and fixed income investors, as well.
2895554 05/23
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Apr 3, 2023
Banks and Interest Rates (04/23)
The Federal Reserve’s decision to raise interest rates again in March was expected. The collapse of two respected banks was not. These are interesting times indeed for investors, and questions abound. Has a crisis been averted? Is this another 2008 scenario? Will a recession begin by year-end? How severe would a recession be if one occurs? And what can investors expect next from the Fed, as well as the stock and bond markets? Transamerica Asset Management (TAM) CIO Tom Wald discusses the background and market impacts of recent turmoil in banking, as well as the future path of interest rates after the Federal Reserve’s March meeting. Tom breaks down each question in clear and simple terms to provide investors with important knowledge they need today.
2822499 04/23
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Mar 3, 2023
Here Is What’s Different So Far in 2023 (03/23)
The market landscape changed over the first two months of 2023, and investor expectations followed. Tom Wald, CIO of Transamerica Asset Management, Inc., breaks down everything that transpired during the past two months in a new Market Pulse, looking closely at the primary areas of investor concern and what it means for stock and bond markets going forward. Is recession no longer a foregone conclusion? How stubborn can we expect inflation to be? How likely — or more to the point, unlikely — is the Federal Reserve to pivot on interest rates in the second half of the year? Tom explores these questions and more as stock and fixed income investors assess a changing landscape.
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Dec 21, 2022
Transamerica Asset Management (TAM) - 2023 Market Outlook (12/22)
Good riddance, 2022. That’s probably how many investors feel about the end to a year that saw stocks and bonds suffer meaningful losses. And as they look forward to 2023, investors are probably asking if we’ve “outrun the bear,” so to speak, and whether they should stay on their current course. Good questions. In a new Market Pulse, Tom Wald, CIO of Transamerica Asset Management, Inc., discusses his recently published “Transamerica 2023 Market Outlook,” and breaks down the major opportunities, risks, and issues to follow in the months ahead. Tom offers his keen insight into the U.S. economy, U.S. and international stocks, interest rates, and credit markets to set the stage for what investors are certainly hoping will be a better year.
2643688 1222
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Dec 8, 2022
Market Catalysts for the Year Ahead (12/22)
There have been few places for stock and bond investors to hide over the past 12 months, but is there reason to believe markets may react more favorably in 2023? In his latest Market Pulse, Tom Wald, CIO of Transamerica Asset Management, Inc., explores what wary investors should be watching as the calendar turns, including interest rates, inflation, and the potential impact of recent midterm elections. Markets are the great discounter of future events, and history has shown us that when investor concerns are resolved and negative cycles conclude, things can change for the better. Tom applies lessons from market history to examine what 2023 may hold in store.
2584049 12/22
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Oct 7, 2022
Battling the Bear (10/22)
A September sell-off sent stocks stumbling to their lowest point since November 2020, and longer-term bond yields, as measured by the 10-year Treasury rate, reached their highest levels since March of 2008. There’s no doubt it has been a rough year for weary investors who, by now, must be asking, what’s next? In his new Market Pulse, Transamerica Asset Management, Inc., CIO Tom Wald examines the four main culprits behind the bear market — inflation, interest rates, recession risk, and corporate earnings. Tom also remembers historical ghosts that have scared the markets in past Octobers, and he looks ahead to the November elections and their potential impacts.
2458131 1022
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Aug 17, 2022
Assessing the Rebound (08/22)
A few rough months for the stock and credit markets have turned into a summer rebound. What’s driving the turnaround, and can investors expect it to continue? And should concerns about inflation, recession, and a bear market give way to a renewed sense of optimism? In a new “Market Pulse,” Transamerica Asset Management, Inc., CIO Tom Wald discusses the current landscape by looking at all the good news unfolding as well as the bad, which, in some ways, may not have been as bad as some expected it to be.
238277 0822
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Jul 12, 2022
Transamerica Asset Management (TAM) - 2022 Mid-Year Market Outlook (07/22)
U.S. stocks declined into bear market territory, inflation reached heights not seen in 40 years, and the possibility of a recession looms large. The first half of 2022 was certainly eventful. Can investors expect things to change anytime soon? Tom Wald, CIO of Transamerica Asset Management, Inc., looks ahead to the second half of the year in a new “Market Pulse.” Hear Tom recap his recently published Transamerica 2022 Mid-Year Market Outlook and discuss what’s next for the markets, the economy, and more.
2286037 07/22
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May 16, 2022
Are We Going Into Recession? (05/22)
It’s the question on the minds of every investor these days, but we may need to look at it a couple of ways. First, based on how the economy contracted in Q1 2022, are we on an immediate path toward recession occurring in the next few months? And second, will today’s rising interest rates and rising inflation combine to eventually drive us into recession by the end of 2023? In a new “Market Pulse,” Tom Wald, CIO of Transamerica Asset Management, Inc., takes on each question, offering his insight and explaining what investors need to remember during these challenging times.
2199238 05/22
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Mar 28, 2022
Market Challenges and the Path Forward (03/22)
War, inflation, higher interest rates, slower short-term economic growth, and recession fears have taken a toll on the markets in recent weeks. Where does the path forward lie? In a new “Market Pulse,” Tom Wald, CIO of Transamerica Asset Management, Inc., discusses recent developments and what investors need to know. Should they brace for more volatility? Will inflation begin to cool anytime soon? And is the U.S. economy at serious risk of falling into a recession? Tom covers each topic, and much more.
2093535 03/22
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Feb 15, 2022
Sorting Through Mixed Signals (02/22)
Are we entering a time of transition? One with changes in market leadership among asset classes or individual market segments? Changes in time horizons? Changes in what investors worry about? At times like these, investors seek clarity among contrasting perspectives as they try to interpret the data that’s emerging today. In a new “Market Pulse,” Tom Wald, CIO of Transamerica Asset Management, Inc., discusses rising inflation and interest rates, COVID 19, the case for economic growth and corporate earnings, all within the context of netting out the good and not-so-good news from a volatile market.
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Dec 16, 2021
Where We Stand: Transamerica Asset Management (TAM) - 2022 Market Outlook (12/21)
There is no shortage of matters for investors to fret over as the new year begins. COVID-19 variants and inflation are formidable market opponents, but prospects for economic growth are apparent, as well, and how the markets respond in the coming months will be fascinating to see. In his new Market Pulse, Tom Wald, CIO for Transamerica Asset Management, Inc., provides his market outlook for 2022 by looking closely at the economy, stocks, interest rates and Fed policy, income strategies, international stocks, and potential wild cards. Tom offers a thorough review of the past year and preview of the year ahead, covering just about everything investors need to know.
1934421 12/21
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Nov 12, 2021
Why Do Stocks Keep Going Up? (11/21)
As major stock indexes continue to reach record highs, investors also see a series market concerns that include COVID-19, inflation, Federal Reserve policy, slowing economic growth, and dysfunction in Washington. These concerns and their potential impacts have left many asking — why are stocks continuing to rise? In his new “Market Pulse,” Transamerica Asset Management CIO Tom Wald looks closely at each topic to provide investors with insight they may find very interesting.
1912535 11/21
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Oct 8, 2021
Autumn Cross Currents (10/21)
We’ve entered October, a historically scary time for investors. A look back reveals some frightening ghosts have appeared at this time of year, including a few unforgettable market crashes. Should investors really fear October, or is opportunity about to jump out from behind that door? In his latest “Market Pulse,” Tom Wald, Transamerica Asset Management CIO, discusses events past and present that shape where the economy and markets are today. And there is a lot to discuss — volatility, interest rates, inflation, economic growth, and the happenings in Washington. Combined, these events may compel some investors to look away, but as Halloween nears, how much is there to truly be afraid of?
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Aug 17, 2021
The Market Impact of the Delta Variant (08/21)
When it comes to COVID-19, things can change fast. The recent surge in cases due to the Delta variant has changed the conversation from early in the summer of 2021, when occurrences were at their lowest since the pandemic’s early days. This abrupt increase figures to impact the markets and the economy — the question is how? In his new “Market Pulse,” Transamerica Asset Management CIO Tom Wald offers his opinions, diving deep into what the Delta variant could mean for stocks, the economy, Fed policy, interest rates, and more.
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Jul 1, 2021
Where We Stand: Transamerica Asset Management (TAM) 2021 Mid-Year Market Outlook (07/21)
We’re midway through the year, and there is a lot going on. In his new podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., explores the economy, stocks, the credit markets, interest rates, inflation, and other topics that are occupying investors as we look forward to the rest of 2021. Tom discusses the Transamerica 2021 Mid-Year Market Outlook he recently completed. He also looks at the true psychology of the markets right now and whether it represents a net opportunity or risk to investors, as well as the impact of COVID-19 vaccines on case trends, the economy, and the markets.
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Jun 4, 2021
Inflation Returns — How Long Will It Stay? (06/21)
Inflation has reemerged from the non-threatening rates of the past decade to become a gripping development with which markets must contend. How surprised should we have been when April’s CPI made its highest monthly jump since 2013? Are we looking at a substantial change in the long-term trend, or will current rates be transitory in nature and return to their previously benign levels in the not-too-distant future? Transamerica Asset Management, Inc., CIO Tom Wald takes a close look at the inflation data in his latest podcast and considers what it could mean for investors now and in the long term.
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Apr 29, 2021
Market Catalysts, Concerns and Opportunities (04/21)
How things have changed since 2021 began. Many of the biggest concerns that occupied investors when the calendar turned are no longer the worries they were, and they are now becoming market catalysts. Yet with these catalysts a new wall of worry has emerged, giving investors plenty to think about as they weigh opportunities ahead. In his new podcast, Transamerica Asset Management, Inc., CIO Tom Wald discusses the prospects of rising inflation, interest rates, infrastructure spending, and other factors that could influence the economy and markets, and what investors should know as they consider their next moves. Given where we were a year ago, how should investors feel about the risks they face today?
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Mar 10, 2021
Assessing the Changing Landscape: Stronger Growth vs. Higher Interest Rates (03/21)
The internal battle being fought within the markets right now presents investors with inherent contradictions. On the one hand, economic and corporate earnings growth is exceeding previous expectations, which the markets should like. However, the resulting rise in long-term interest rates and subsequent risk of modestly higher inflation is something they are not cheering. These developments were not on the landscape when the calendar turned to 2021, but they now occupy the attention of investors far and wide. In his new podcast, Transamerica Asset Management, Inc., CIO Tom Wald summarizes what’s unfolding and breaks down the moving targets to follow.
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Feb 9, 2021
GameStop, the Reddit Rebellion and What it Means for the Markets (02/21)
In the blink of an eye, a virtual army of Millennial investors organized on social media and effected a short squeeze for the ages that left some of the world’s most prominent hedge funds reeling. As the dust from this noteworthy event continues to settle, it’s fair to ask whether it represents just a blip on the radar or if it’s a new paradigm for investing that’s here for good? And what impact does it figure to have on the markets as 2021 unfolds? Tom Wald, CIO of Transamerica Asset Management, Inc., examines these questions and many others in his latest podcast.
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Dec 10, 2020
Looking Ahead into 2021 (12/20)
We have lived through real history in 2020, and it’s finally time to look forward to a much-anticipated 2021. In his new podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., summarizes his new engaging and extensive paper, “Where We Stand: The Transamerica 2021 Market Outlook.” He examines the most memorable aspects of the year that was and what investors should know about the markets and economies as the calendar turns. Will 2021 begin like 2020 ended, and what keys factors should investors monitor as the new year unfolds? As Tom says, we could be witnessing the “storm before the calm.” Listen and learn what that may mean for your portfolio.
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Nov 16, 2020
A Vaccine, the Election, and the Markets (11/20)
These are historic times, to say the least. Positive developments in the search for a COVID-19 vaccine combined with the climax and fallout of a remarkable election have converged the political and investment worlds in ways few have ever seen. What can investors expect next? Tom Wald, CIO of Transamerica Asset Management, Inc., explores in his new podcast the current investing climate and what looms ahead. There have been some recent bumps on the road, but how much should we like the road we’re on? Tom considers that question and much more.
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Oct 7, 2020
Prospects of Upcoming October Volatility (10/20)
We have entered uncharted waters. COVID-19 and the search for a vaccine, the pace of economic recovery in the U.S. and beyond, the final stretch of the presidential and congressional elections – rarely have so many factors come together at once to create such an atmosphere. Investors need to understand what’s unfolding right now and be ready for opportunities that may present themselves. In his latest podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., discusses how medical, political, and economic news could lead to an eventful October, a month already known for its historic market activity. Tom covers what he believes could have the biggest impacts and prepares investors to potentially take advantage of possible price fluctuations to come.
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Aug 14, 2020
Defining the Road Ahead (08/20)
Several developing situations demand our attention right now. There’s COVID-19 and the search for a vaccine, the economy, corporate earnings, interest rates and Fed policy, fiscal stimulus, and, of course, a looming election. Determining whether the markets continue to move forward or reverse direction requires taking a step back and looking at the big picture. In his new podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., discusses a potential “Back to the Future” market path unfolding over the next year or two alongside a more friendly investment environment and recoveries in the economy and corporate earnings. Tom provides his thoughts on what awaits investors in the coming months amid a very dynamic investing landscape.
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Jul 10, 2020
Where We Stand: Transamerica Asset Management (TAM) 2020 Mid-Year Market Outlook (07/20)
The world has changed over the past six months in ways no one could have expected, yet market opportunities remain alive and well for anyone who’s looking. Tom Wald, CIO of Transamerica Asset Management, Inc., sums up the Transamerica 2020 Mid-Year Market Outlook in his latest podcast. He looks at where he believes the economy and markets are headed after an eventful opening half of the year, how investors should be feeling, and the ongoing risks COVID-19 and other factors pose. With the pandemic surging and elections looming, these are interesting times, indeed. Hear Tom tell investors what they need to know as the second half of 2020 begins.
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May 18, 2020
Economy Tumbles and Stocks Rally: Understanding Why and What Might Be Next (05/20)
We’re seeing catastrophic economic numbers caused by the COVID-19 pandemic unveiled on a regular basis these days, yet stocks have enjoyed a remarkably strong run since hitting lows back on March 23. Should we be surprised by this, and what can we expect next? Join Tom Wald, CIO of Transamerica Asset Management, Inc., as he talks about the four catalysts he believes will continue to drive markets in the coming weeks. Tom also shares his perspective on the events that have propelled historic market selloffs over the past 100 years, and how they compare to today’s happenings.
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Apr 8, 2020
COVID-19 and the CARES Act Economic Stimulus Package (04/20)
As economic struggles continue to mount amid the COVID-19 crisis, Congress has passed the CARES Act, a $2.2 trillion package aimed at providing relief for everyone from individuals to major corporations. It’s the largest stimulus legislation ever, and it’s broken down into several areas, all of which demand a great amount of immediate attention in the current environment. In his new podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., looks at the most important part of the CARES Act, its impacts, and whether investors should expect more stimulus from the government later in the year.
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Mar 27, 2020
COVID-19 Economic Impacts in Q2 and Beyond (03/20)
COVID-19 has shocked the world, shutting down economies and triggering massive market selloffs rarely seen during any previous crisis. As the calendar turns to the second quarter of 2020 and many brace for economic contraction of historic proportions, where do we go from here? How long will this last, and how bad could Q2 be? In his new podcast, Tom Wald, CIO of Transamerica Asset Management, Inc., discusses when he thinks the worst of the crisis will end and when we may expect to see the economy and markets start to recover. He looks at the implementation of monetary and fiscal policy, he details specific metrics to monitor, and he offers plenty of additional insight investors should hear about the current situation.
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Mar 16, 2020
Super Tuesday, Coronavirus, and More (03/20)
Rarely have presidential campaigns enjoyed the kind of turnaround Joe Biden’s did in the days leading up to Super Tuesday. How will the markets react as investors weigh Biden’s continued efforts? Are there lessons from history we should keep in mind while this election unfolds? And what impact can the coronavirus have on performance and portfolios in the months ahead? Tom Wald, Transamerica Asset Management, Inc. CIO, answers these questions and more in his latest podcast.
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Mar 16, 2020
Historic Market Volatility (03/20)
Dramatic volatility and fierce selloffs continue to challenge markets, leaving nervous investors wondering what they should do. How will the coronavirus impact the economy and corporate earnings? What should stock owners, or anyone considering buying stocks, remember in the current environment? Transamerica Asset Management, Inc. CIO Tom Wald answers these questions and many others in “Historic Market Volatility.”
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