Market Commentary
and Insights
Transamerica Asset Management, Inc., 2024 Market Outlook
As the new year begins, where should investors be on the playing field? Transamerica Asset Management Inc., CIO Tom Wald has some ideas.
Transamerica Asset Management, Inc.
CIO Market Insights
Encouraging Inflation Report Overshadows June Fed Meeting
Do recent inflation reports set the stage for the Federal Reserve to reduce interest rates later this year? Read our exclusive analysis.
Record Highs for Stocks: What Investors Need to Know
What's driving major market indexes to levels they've never reached before? Are interest rate cuts back on the table? Read our new exclusive analysis.
May Fed Meeting Brings Friendlier Tone but Same Message
What will it take for the Fed to start cutting rates? Read new analysis on the May Federal Reserve meeting and what we see next for inflation, interest rates.
Updating Interest Rate Forecasts
Given recent economic and inflation reports, is the Fed looking for a more opportune time to reduce interest rates? We think so, and here's why.
Why Markets Liked the Fed’s March Meeting
Markets reacted favorably as the Fed's March meeting played out more dovish than expected. Here's what investors should know about economic, interest rate outlooks.
Upgrading Our Forecasts on the Economy and Stocks
Recent strength in the U.S. economy has us revising our outlook for GDP and equity returns in 2024. Read where we believe the numbers are headed now.
January Fed Meeting Throws Cold Water on March
Read more
November Fed Meeting and Recent Market Volatility
Read moreSector Spotlight
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.
Today’s Crosswinds in Fixed Income: Why the current higher-for-longer environment may favor the short/intermediate sectors
Analyzing the risks and trade-offs of seeking yield or playing it safe as investors navigate today's tight credit spreads and higher-for-longer interest rates.
Why Municipal Bonds Now? Rebounds, Credit Quality, and Income Opportunity
Municipal bonds appear well positioned given the current economic cycle. Read why we believe demand in the space will pick up.
The Case for Active Management in Fixed Income
How can active managers prosper in today's markets? Our expert analysis explores the advantages they may have over passive fixed income strategies.
Finding Value in the Middle
Investors may be seeing a compelling entry point for mid-cap equities at an attractive discount. Here's what they need to know.
The Ongoing Appeal of the 60/40 Portfolio
Read Article
Too hot? Too cold? Or maybe just right
Read morePodcast 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.