There really is a sense that something very profound is happening in Spain,said Stephen Wood,PhD,Chief Market Strategist at Russell Investments.There's a sense they're on the edge of something big.It's the fourth largest economy in Europe.We're facing one of the first global stimulus packages in four years.
The UK is just chugging along as it always has.I would have to say the US right now has much stronger fundamentals.They may be better than China right now.Corporations have strong balance sheets.
You need globally diversified,multi-asset portfolios.The Federal Reserve is forcing people up the risk spectrum.I would be looking at emerging markets and corporate debt,Dr.Wood advised.
Stephen Wood conducts research on the economy,capital markets,portfolio strategies and investor behaviour.He interfaces with Russell's institutional clients and retail partners to communicate the firm's perspectives on the global market,investment process and portfolio management.He is also a prominent media spokesman for the company's views.
Showing posts with label Stephen Wood. Show all posts
Showing posts with label Stephen Wood. Show all posts
Wednesday, October 10, 2012
Wednesday, November 16, 2011
Russell Investments:What Makes Sense Today
Europe is a huge source of unknowable risk,in the view of Russell Investments' Chief Market Strategist,Stephen Wood.The U.S. economy is doing a hair better than O.K.It is growing.When the market focuses on U.S. fundamentals,it tends to do well.
A globally diversified portfolio of risk assets makes sense.They outpace inflation and give you some return.If you look at the pullbacks as opportunities to get in,you've been able to nickel and dime your way in.The emerging markets are gonna be good in 3-5 or 5-7 years.
Corporations are much less likely to default than governments.Equities could end the year positive on the backs of earnings.
We have a market-based culture,with government institutions responsive to the market.It's more confrontational in Europe.You kind of grind it out here.We've got a number of years to work through these debt issues,whereas in Italy and Greece they've got a couple of days,in Dr.Wood's opinion.
A globally diversified portfolio of risk assets makes sense.They outpace inflation and give you some return.If you look at the pullbacks as opportunities to get in,you've been able to nickel and dime your way in.The emerging markets are gonna be good in 3-5 or 5-7 years.
Corporations are much less likely to default than governments.Equities could end the year positive on the backs of earnings.
We have a market-based culture,with government institutions responsive to the market.It's more confrontational in Europe.You kind of grind it out here.We've got a number of years to work through these debt issues,whereas in Italy and Greece they've got a couple of days,in Dr.Wood's opinion.
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