Rougher seas lie ahead for non-profit fiduciaries as the COVID-19 pandemic stretches into 2022 and refuses to retreat quietly into the night.

Members of Loomis Sayles' Global Credit Sector Team share their views on key themes in 2022.

Now that the Fed has officially stopped referring to inflation as “transitory,” the question is whether they can bring it under control without slowing the economy. In our view, they have the right tools – reducing the balance sheet and raising the fed funds rate – they just need to trust their data and keep a steady hand on the wheel.

When people debate whether to forgive some or all of the $1.75 trillion in student debt weighing on millions of American families, opponents often argue that it would be wasteful and unfair: Too many relatively well-off, well-educated people would benefit at the expense of all taxpayers, many of whom never had the desire or opportunity to attend college.

Many of us fantasize about quitting our jobs. In 2021, more people than ever turned that dream into reality. The latest U.S. Bureau of Labor Statistics data show that 4.53 million Americans voluntarily left their jobs last November. This was both a new monthly record and the eighth successive reading above the pre-pandemic high.

Investors and creators of nonfungible tokens -- a market that has ballooned to $44 billion, Chainalysis data show, and attracted fans from Justin Bieber to Melania Trump -- face billions of dollars in taxes and rates as high as 37%, according to tax experts.

What insights can we glean beyond last year’s impressive 28% return? How did it compare it to global equities? I will show you some of the winners and losers, and finish with a few observations on the VIX.

The flow of excess cash has returned to normal, but the stock is still quite elevated.

If we will experience a lower equity risk premium, how much lower of a premium will make stock investing unattractive relative to bonds?

Today I’ll continue the annual forecast I began last week. New COVID developments are unfolding rapidly. If we’re lucky, they may carve out a nice bookend for us. But my worry is that rather than bookends it could be economicus interruptus. 2019 was not portending the most robust of economies. What if, in Groundhog Day fashion, we end up back where we were?

As we reflect on 2021, we can’t help but feel it was quite a year. Looking ahead, we think many of the same headwinds and tailwinds are likely to persist in 2022, so we are trying to find the right balance between offense and defense.

The year ended on a highly upbeat tone for investors as equities rose to new heights against a backdrop of inflation and a prolonged pandemic

In our Q3 market commentary, we described the primary economic fears behind a lackluster and trendless market.

This week’s lawsuit against 16 top colleges and universities accuses the schools of gaming their federal antitrust exemption in order to admit more wealthy students.

Inflation is rising rapidly, not an unexpected outcome given governments’ pandemic policy response of ballooning deficits and soaring government debt.

Monetary policy has driven U.S. stock prices to excessive valuations, according to Jeffrey Gundlach. But they remain cheap relative to bonds.

The global macro environment is ripe for EM assets outperformance as a combination of stronger growth in China, the end of exceptionalism in the US and less uncertainty on US interest rates, lead to a strong backdrop for EM assets.

Uncertainty has become an ongoing theme in markets, economies, and communities everywhere, and in this environment, PIMCO investment professionals gathered – virtually, once again – for our recent Cyclical Forum.

Investment advice is not financial planning. This is an important distinction to understand when someone goes shopping for financial advice. Do they only need help with investment decisions, or do they need guidance on all aspects of their financial life?

Things are about to get worse -- but after that, they should steadily get better. That’s roughly how economists envisage the path of U.S. inflation in the year ahead.

That the Covid-19 pandemic would bring a big decline in poverty in the U.S. is not something a lot of people were predicting back in March 2020.

Long before supply chain issues and soaring consumer prices made the headlines, I warned readers that massive monetary expansion made persistent inflation inevitable.

By expanding its use of reverse repurchase agreements to nearly $1.6 trillion, the Fed has kept money market funds solvent and prevented a systemic failure.

Most global equity managers today are underweight Japan.

A potent combination of sky-high bonuses, accelerating intergenerational transfers of wealth, low-interest rates, and the specter of inflation “makes investing in a concrete, fixed asset like real estate attractive to many as they balance their portfolios,” Nelson says.

A direct financial handout to “Gen C” (the covid generation) for their pandemic woes would set age above other societal inequities that Covid amplified.

What has been a tumultuous last few months for crypto markets has only accelerated through the turn of the New Year.

While no one knows what 2022 holds in store for investors, my concern is that it should not foster the same optimism as 2021.

Here are five reasons not to recommend a Roth conversion to your clients.

I predicted that 2021 would be a transitional year for managing an advisory business, and I expect this transition to accelerate and become fully formed in 2022. These are the changes that I envision for the coming year and beyond.

Twenty-two years of tradition dictate I begin the new year by forecasting what lies ahead.

Talent is quitting. And new talent is hard to hire.

“Investors should be prepared for the ground to shift repeatedly in 2022,” says Raymond James Chief Economist Dr. Scott Brown.

Rising inflation is troubling bond investors worldwide, but European bond markets will likely experience comparatively weaker inflation pressures and stronger central bank support.

The mixed picture of the U.S. labor market that emerged in 2021 isn’t going anywhere this year.

With both the pandemic and inflation proving longer lasting than many had anticipated, what does that mean for central bank policy in the months ahead?

Loomis Sayles' high yield sector team share their views on rising rates, CCC-rated bonds and where they're seeing potential opportunity in 2022.

Every year has plenty of lessons when looking backward in December.

India reported spending a record $55.7 billion on gold imports last year.

Not much has changed in regards to my economic growth outlook going forward since my most recent growth cycle update.

The new year could bring a new you. Despite what the poets say, money, or at least financial security, can be one of the most important steps toward happiness. On the other hand, money mismanagement and debt can result in financial anxiety, which can cloud decision making and lead to a bad cycle.

Cryptocurrencies had a breakout moment in 2021, and NFTs were some of the biggest stars. Now, as with any new and hot investing trend, financial pros are hoping to capitalize on the craze with products promising a way to piggyback on the market.

A central part of the “American Dream” is to buy a house, pay it off over time and retire with hundreds of thousands of dollars of equity in the home.

In this issue of Sinology, Andy Rothman explains why China’s 2022 investment environment will be defined by two competing weather patterns.

Global central banks are set to spend 2022 diverging, as some take on the menace of inflation and others stay focused on boosting economic growth.

To kick off our annual sector outlook series, Loomis Sayles Senior Macro Strategies Analyst Craig Burelle shares his views on the macro backdrop in 2022, covering inflation, the Fed and the global expansion.

Tracy Chen, Portfolio Manager with Brandywine Global, and Tim Wang, Head of Investment Research for Clarion Partners, join Head of the Franklin Templeton Investment Institute, Stephen Dover, to take a closer look at how the pandemic has impacted real estate markets in the United States and China.

One of the fundamentals of basketball is that a player who has picked up his dribble can evade trouble by pivoting away from a defender.

Wall Street seers expect the benchmark S&P 500 Index to generate earnings per share that are up 46% this year from 2020’s depressed level, with growth decelerating to 8% in 2022, according to data compiled by Bloomberg. Even that lower number for the coming year may be too rosy.

Millennials are growing up. After spending years splashing out on everything from skydiving excursions to Instagrammable vacations in Peru, 30-somethings with decent-paying jobs are making lasting purchases, buying cars, houses and everything inside them.