The impact of the fiscal cliff is going to be tempered, which will leave room for the housing market and global improvements to drive up growth in equities markets, according to the ING 2013 investment outlook.

Although Washington is “walking a tightrope,” there should be some kind of agreement by 2013, Paul Zemsky, chief investment officer at ING U.S. Investment Management, said. “We may need the markets to actually riot, meaning the S&P fall and spread product widen if we do get into this situation, but eventually politicians will do the right thing.”

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access