Market Commentary
and Insights
Transamerica Asset Management, Inc.
2024 Mid-Year Market Outlook
What can investors expect from the markets and U.S. economy over the rest of 2024? Read new analysis from Transamerica Asset Management Inc., CIO Tom Wald.
Transamerica Asset Management, Inc.
CIO Market Insights
Fed Remains on Course for Lower Rates
How might a quarter-point rate cut impact fixed income and equity markets in the months ahead? Important analysis for investors to consider.
Post-Election Market Update
What does Trump's win and other election results mean for equity, fixed income markets? Read our new forecasts for stocks, taxes, interest rates, and more.
Elections and the Market: Historical Perspective and Current Focus
Does high drama in politics mean high drama for the market? As Election Day nears, here are the issues and history investors should keep in mind.
Fed Cuts Rates by .50%: What Investors Need to Know
How will a half-point rate cut impact fixed income and equity markets in the months ahead? Important analysis for investors to consider.
Fed Turns the Page: What Investors Need to Know
Chair Powell’s comments seem to indicate a rate cut in September and perhaps more in the remaining months of 2024. Here’s what investors should keep in mind.
August 2024 Market Outlook Summary
After the emergence of new economic data, read how we've updated our year-end forecasts for the U.S. economy, interest rates, and U.S. and international stocks.
Market Sell-Off: What Investors Need to Know
Bad economic data and a recent market sell-off have people asking if a recession looms. We don't think so, and here's why.
Updating Interest Rate Forecasts After Fed Meeting, Weak Economic Data
What will the Federal Reserve do as signs of an economic slowdown abound? Read our expectations for interest rates as the Fed's focus appears to shift.
Sector Spotlight
Fixed Income Markets: Month in Review — October 2024
Aegon Asset Management recaps what investors need to know about the performance of the U.S. economy and fixed income markets in October.
Election-Related Volatility: 5 Things Investors Should Know
Short-term noise markets make during election season should not distract investors from pursuing long-term goals. Explore the possible traps and risks ahead.
Balancing Equities: Finding Opportunity in Undervalued Sectors
As the economy and investing environment changes, how can diversification through a 60/40 investment strategy help defend a portfolio? Read our new analysis.
Consider a "Go-Anywhere" Approach to Fixed Income
The world of fixed income is broader and more diverse than often perceived. Read why investors may want to consider adding it to their portfolios.
The Evolution of Large-Cap Value Investing: A Modern Approach
The large-cap value landscape has seen many changes in recent decades. Our new analysis explores how investors may want to adapt their strategies.
International Stocks — A Mosaic of Reasons to Invest
Several factors in today's markets are combining to make a new case for foreign equities. Read why investors may want to consider altering their allocations.
Why Multi-Asset Income Strategies Make Sense Now
Now may be an opportune time for investors to consider an actively managed multi-asset income strategy for their portfolios. Read why.
Why Bother with Foreign Stocks?
Owning U.S. companies and carefully chosen international stocks can be a winning strategy. Our new analysis explores a world of opportunity awaiting investors.
Podcast Series: Market Pulse
Transamerica Asset Management, Inc., CIO Tom Wald looks at the markets, economy, and other current events.
Access all prior episodes of the Market Pulse podcast below.
Thomas R. Wald, CFA®
Chief Investment Officer Of Transamerica Asset Management, Inc.
Chief Investment Officer Of Transamerica Asset Management, Inc.
About the author
Tom is the Chief Investment Officer of Transamerica Asset Management, Inc., 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 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 Ltd., an international life insurance, pension, and asset management company.