Monthly Commentary

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August 2011

Today’s global market declines are further support for the "trimming of the sails" we advocated last week. Here’s a current commentary by Doug Coté, CFA, ING Investment Management Chief Market Strategist, that outlines the factors driving today’s markets:

  • Deteriorating economic data
  • Fear of systemic risk spreading from peripheral Europe
  • Lack of a significant, coordinated policy response from central banks or governments

None of this is unexpected. Until Europe can get serious about addressing its debt problems and moribund economic growth, investors should remain vigilant.

August 2011

Wide recent swings in the market are tough for investors to stomach. ING Global Perspectives was designed to help put unpredictable market moves into context at times like this, to help convert fear into a longer-term view.

Our longer-term view remains consistent: fundamentals drive equity markets, and by those measures, corporations continue to exceed all expectations. But such nuances are often lost in full scale panic moves in and out of the market. That’s why we advocated a small tick backwards as a prudent and proactive measure in our recent special edition commentary.

August 2011

Traditionally, fireworks are lit on the Fourth of July to commemorate America’s hard-fought independence. This July, however, political pyrotechnics dominated the landscape as America struggled to stave off a looming default that would put its financial independence in jeopardy.

July 2011

In this month's issue, ING Chief Market Strategist Douglas Coté, CFA looks ahead to a summer and/or fourth quarter rally based on recent surges in manufacturing, retail sales, durable goods orders, global trade and corporate profits.

June 2011

"Sell in May and walk away" goes the hoary cliché. In this month’s issue, ING Chief Market Strategist Douglas Coté, CFA argues that this strategy may seem good in theory, but is bad in practice. The equity pull-back this month, as Treasuries roared ahead, is a short but genuine demonstration of how diversification can help investors be successful. Keep the focus on fundamentals: equity valuations are now well below 1999 levels in the midst of a synchronized global expansion.

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May 2011

It was downright heretical when we pointed out in a May 24, 2010 article titled "Much Ado About the Euro" that not only were we in the midst of a "synchronized global expansion", but the bond market was pricing risk so astonishingly low that it appeared to be dismissing any notion that a crisis existed at all. What a difference a year makes!

May 2011

In this month's issue, ING Chief Market Strategist Douglas Coté, CFA lists the reasons why Wall Street may be missing the bull curve: an “absolute blowout” for 1Q earnings, a tech boom, a comeback in manufacturing, all-time high consumer spending levels, blistering M&A pace, trade nearing an all-time high, etc. Download the PDF for more bullish indicators.

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April 2011

An article by Chief Market Strategist Douglas Coté, CFA was featured in the April 4 issue of Investment News. Download the full article below.

April 2011

In this month's issue, ING Chief Market Strategist Douglas Coté, CFA provides reasons why the global markets have catapulted higher in the face of major world crises and continued economic concerns. Arm yourself with some salient bullish points below.

March 2011

In this month's issue, ING Senior Market Strategist Douglas Coté explains the ABCs of the current market: Accelerating corporate earnings + Boom-level manufacturing + Consumer confidence = a powerfully accelerating economy driven by market fundamentals.

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