Voya Investment Management Market Perspectives
The Fed Gets Schooled on Rising Economic Growth
A hawk in dove’s clothing, Yellen will likely be ahead of the curve when it comes to hiking rates.
Global Perspectives: Weekly Commentary and Statistics
Markets ended mostly down in a volatile week of trading — the DJIA delivered triple-digit moves all five days — as an uncertain global landscape had skittish investors seeking safe havens. The CBOE Volatility Index spiked to September highs before pulling back. Yield on the benchmark ten-year Treasury drifted lower, while the U.S. dollar hit a two-year high against the euro and a four-year high against a basket of major currencies.
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 -- August 2014: Green, Green Grass of Home
: August saw domestic markets rebound from July’s wilt, as recent data continued to suggest that the winter freeze wasn’t enough to kill off the roots of the U.S. economic rebirth. Meanwhile, as the usual geopolitical hotspots remain enflamed, a less violent if potentially more economically disruptive turf war has emerged in Scotland, threatening not only the composition of the United Kingdom but the European Union as well.
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.