Current News
June 2023
PMA Asset Management Market Update
Persistent Inflation
While CPI and Core CPI have steadily declined over the past year, wage growth has remained elevated. Following a November 2022 speech by Federal Reserve Chair Powell, many economists and market participants have focused on the impact of wages on non-housing services inflation. This has been one of the “stickier” areas of inflation. Continue Reading…
April 2023
Press Release
Dr. Paul Ziegler to Join the PMA and MOCAAT Team
PMA, a premier full-service provider of financial and advisory services to local governments, is pleased to announce that Dr. Paul Ziegler will be joining the team as Coordinator of Investment Services as of October 2, 2023. He will partner with the Missouri Capital Asset Advantage Treasury (MOCAAT) to serve school districts and other political subdivisions throughout the state of Missouri. Paul’s exceptional experience and commitment will allow MOCAAT to further its relationship as a trusted partner to local Missouri school districts. Continue reading..
March 2023
Credit Update: A Storm Watch…Not a Warning
The recent and sudden panic-driven banking crisis is not the same as the Global Financial Crisis (GFC) of 2007-2008. While the current environment has echoes of the GFC, in our opinion, current events are substantially different. The GFC was caused largely by loose lending standards, particularly in the mortgage industry. Continue Reading…
March 2023
MOCAAT – No exposure to SVB or Signature Bank
The recent joint actions by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the Treasury Department ensure that all depositors at the two institutions that were recently closed (Silicon Valley Bank in California and Signature Bank in New York) can access their funds with no interruptions. Continue Reading…
Winter 2023
PMA Asset Management Semi-Annual Market Outlook
Winter Outlook – 2023
The markets have been extremely challenging in 2022, and certainly unlike any period in modern history where virtually all asset classes lost value. We’d have to go back to the late 70s to find a remotely similar environment for overall market returns, however the structure and complexity of today’s market is quite different in many respects. Continue Reading…
January 2023
PMA Asset Management Credit Quarterly
Recent News: Banks Utilize Cautious Investment Approach
U.S. commercial banks were hesitant to deploy their cash into securities in the third quarter as securities fell 3.7% from the prior quarter, declining to 25% of assets from 26% the prior quarter, according to S&P Global Market Intelligence. Continue reading…
