Voya Investment Management Market Perspectives
Europe the Fly in the Ointment as U.S. Economy Buzzes
While the success of the Fed’s
aggressive QE program surprised
the markets and the central bank...
...Europe hasn’t gotten the memo,
continuing to dither over the scope
of its asset-purchase program as
recession and deflation loom.
Global Perspectives: Weekly Commentary and Statistics
Another wild week on Wall Street saw equity indexes end mostly down, as investors grappled with a stream of disappointing economic news and heightened concerns about Ebola. While the S&P 500, DJIA and Nasdaq all lost ground despite a sharp Friday rally, the Russell 2000 Index of small cap stocks posted its first weekly gain in seven weeks. The CBOE Volatility Index spiked to its highest level since 2011 before easing, while safety-seeking investors sent the yield on the benchmark ten-year U.S. Treasury bond to its lowest level since May 2013.
Asset Allocation Views: The Interaction of Divergent Monetary Policy
While central banks in the U.S. and U.K. are expected to tighten monetary policy in mid-2015, the ECB and BOJ are growing only more accommodating. If the mid-2013 “taper tantrum” was any indication, these shifts may have a major impact on emerging markets.
Fixed Income Perspectives - September 2014
The July/August selloff was a reminder that low market volatility won’t go on forever. Though such periodic wakeup calls present a buying opportunity, they also underscore the importance of protecting against tail risk.
Market Review -- September 2014: Autumn Sweater
Placid markets turned tumultuous as summer transitioned to fall. With fears about economic growth prospects in Europe and Asia combining with persistent geopolitical turmoil to send a chill into the air, investors increasingly reached for the warm, comfortable embrace of lower-risk assets as September proceeded
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.