Global Markets Rally on Moderating Global Risk and Positive Fundamentals

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January’s surge may have surprised many observers, but not Douglas Coté, Chief Market Strategist, ING Investment Management U.S., who has long advocated, even in the face of headline global risks, that the market’s path ultimately comes down to the strength of its underlying fundamentals.

In this month’s ING Global Perspectives commentary, Global Markets Rally on Moderating Global Risk and Positive Fundamentals, Doug revisits the "ABCDs" of fundamentals:

  • Advancing Corporate Profits: For each of the past ten quarters, more than 70% of S&P 500 companies have delivered positive earnings surprises.
  • Broadening Manufacturing: The ISM manufacturing index has expanded for 30 consecutive months.
  • Consumer Strength Underestimated: December brought monthly retail sales to their highest level ever, north of $400 billion.
  • Developing Economies: Emerging market growth continues to be a key catalyst for U.S. corporate revenue.

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