Voya Investment Management Market Perspectives
U.S. Economy Shows its Independence from the Fed in July
The U.S. economy is recovering
strongly, which will compel the
U.S. Federal Reserve (Fed) to
withdraw its support.
Global Perspectives: Weekly Commentary and Statistics
With geopolitical fears easing and U.S. economic data suggesting a continuation of the second quarter’s rebound, markets surged — the S&P 500 set a new record high, while the Nasdaq is trading at its highest level since 2000 — though concerns about Russia’s continued involvement in Ukraine flared on Friday to put a bit of a damper on the week. Ten-year Treasury yields traded as low as 2.38%, though finished slightly higher for the period.
Asset Allocation Views: Earnings Quietly Trump Geopolitical Concerns
The strong second quarter earnings season has driven equity markets higher and will likely motivate us to raise our full-year 2014 estimates. Europe remains sluggish, while sentiment toward the emerging markets has picked up.
Fixed Income Perspectives - July 2014
Despite the unsettling excitations emanating from Russia’s involvement in Ukraine, the intensified
Israel/Palestine conflict and an unsteady Portuguese bank, the good vibrations of low volatility
keep a-happenin’ for fixed income markets. That’s because the market remains captivated by the
lulling tide of global liquidity, with just about every major central bank locked into accommodative
monetary policy for the foreseeable future.
Federal Reserve Policy Normalization Poses Risks
While the central bank has taken great pains to telegraph its policy intentions, the size of the Fed’s balance sheet complicates the upcoming normalization process and presents a serious risk to our broadly optimistic market expectations.
Market Review: First Quarter 2014: Beneath the Waves, an Ocean
First Quarter 2014: Beneath the Waves, an Ocean Markets turned choppy in the first quarter, buffeted by everything from weather-related economic softness to the leadership transition at the Fed to an emboldened Russia flexing its muscles in the Black Sea. Despite the tumult, a number of domestic equity markets surged to new record highs during the period, suggesting a steady supply of support below the potentially destabilizing swells.