The Latest Market Commentary From Our Strategists

Main content

Daily Blog

Friday, June 23, 2017

Wow, one year already since Brexit? That was fast. Investors who bailed learned at least one thing from Brexit (British voting to exit Eurozone membership). Don’t sell when the facts tell you otherwise. To quote former president Franklin Roosevelt “the only thing to fear is fear itself”. In hindsight the Bank of England (BOE) had the ability to use a number of tools to cushion the blow with various tools of monetary policy. BOE Governor Mark Carney used ALL the tools at his disposal and a crisis was averted and the massive European Central Bank stimulus was finally helping the economy to gain traction at just that time. Today, we have way less to be concerned with. I know oil is in a bear market, rates are dropping as is inflation and more. But, the fundamentals are strong with U.S. corporate earnings surging nearly 14%, global manufacturing in expansion mode across the board, U.S. housing setting new cycle highs and initial unemployment claims at a 44-year low. Meanwhile, the markets are having the best returns in years so turn off your TV and enjoy the summer. Please review Voya Global Perspectives™ Weekly for a quick read of global financial markets.

Weekly Commentary & Statistics

Monday, June 26, 2017

Oil lost ground during the week as gold and U.S. equities experienced modest gains. The S&P 500 was up for the second consecutive week with the Nasdaq and Dow Jones both also rising.

Monthly Commentary & Outlook

April 2017
  • The start of the Trump presidency has been marked by good economic data and high confidence, while media coverage has reflected lingering uncertainty
  • Rock solid fundamentals — the strongest quarterly earnings outlook in five years — has provided a sustainable foundation
  • Despite stumbles, the administration’s pro-business posture, exemplified by a focus on deregulation and tax reform, has been reassuring to markets
  • Foreign markets have been robust, as broad global diversification hit its stride

Footer content