In recent weeks, it has felt like the U.S. stock market slips a gear every so often, dropping sharply as investors search for traction in uncertain terrain.

Bitcoin’s drop since its November high has been so steep that the average buyer over the last couple of months is likely underwater until it once again tops $47,000.

The U.S. Treasury has reported that the national debt surpassed $30 trillion in 2021, a fact that has fueled headlines and concerns.

A new report from the U.K.’s Cambridge University Centre for the Future of Democracy offers investors a rare chance to think about the overall economy over the next decade. The authors compiled a large global dataset that suggests some not-often-heard claims, such as that the tide of populism, nationalism and inequality has turned, and is rapidly receding in favor of a more prosperous, peaceful, egalitarian and cohesive globe in the next decade.

In 2021 the FOMC refused to accept and acknowledge that inflation was getting worse in the second and third quarter and continued with its monthly purchases of $120 billion in Treasury debt and Mortgage Backed Securities.

It has been a tumultuous start to the year for crypto markets to say the least.

IMO 2020 has contributed to higher shipping rates.

The strike price on the Fed put has moved significantly. The Fed may sit idly by if markets voice displeasure with abrupt changes in monetary policy.

This article can be forwarded to clients to help them understand inflation, its causes, and how various investment strategies protect against it.

Investors have been spoiled by the trend in falling long-term interest rates over the past 40 years, but the economic backdrop is changing. Read our new report where we explain the concept of equity duration and analyze how interest rates, earnings, and the relationship between the two can impact equities.

American families are feeling the financial squeeze of soaring inflation and a persistent pandemic as fractious Democrats return to Washington this week no closer to a deal on a tax and spending bill party leaders hoped would by now provide relief.

The surge of the coronavirus omicron variant has implications not only for broader asset-class allocations but also for macro exposures within asset classes.

There are three pillars of investing for us at Smead Capital Management.

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.

Oil climbed after two major agencies indicated that markets may be tighter than previously forecast and a U.S. government report showed crude inventories plummeted.

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.

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.

Contemplating a new year ahead, you may be wondering…what is going to happen?

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.

In 2021, readers of the Investor Alert and Frank Talk were most interested in stories on gold mining, precious metals, natural resources and emerging markets (no surprise). But there was also interest in macroeconomic topics (inflation, mostly) as well as Bitcoin and cryptocurrencies.

Supply-chain issues are often cited in the current debate about inflation—and aren’t going away as quickly as consumers and businesses would like. Our Franklin Templeton Investment Solutions team explores how supply chains became stuck, whether they will loosen up in 2022, and the implications for multi-asset investors.

We hope you enjoy the latest newsletter from Harold Evensky.

We conclude the year by reflecting on the 10 most-read AP Charts & Analysis articles over the past 12 months. These are updated frequently depending on the release of data, but in 2021, these were the most popular topics.

For most Americans under the age of 50, inflation has never been much of an issue. Yes, prices rose a little every year but that was considered normal. Price increases of 1-2% a year for most goods and services were to be expected.

The metaverse is part of the next iteration of the internet some are calling Web 3.0—and it promises to upend everything as we know it.

The purpose of this whitepaper is to highlight the development of values-based investing at a summary level and, more importantly, provide research that indicates there is no sacrifice of investment returns in adopting a faith-based approach to values investing.

Whether investors are ready or not, global monetary tightening cycles are fast approaching.

The week of Thanksgiving has historically been a peaceful lull for investors. Staying true to form in 2021, events around the holiday were far from normal. Cambiar Investors CIO Brian Barish breaks down the major questions hanging over the economy and equity markets as we head into the new year.

The goal of net-zero carbon by 2050 is almost certain to be drastically curtailed by its costs and lack of feasibility.

In recent weeks, the stock market has decided the economic pain associated with an eventual tightening of fiscal and monetary policy is more likely to come sooner rather than later.

New research shows that the surge of market participation through the Robinhood platform has been driven by young, uninformed users who lack the skill to generate “alpha,” resulting in increased noise and volatility for all investors.

Like many others, I believe Bitcoin could fix Turkey’s lira problem. And to understand why, it might be helpful to dust off a book written 45 years ago by Austrian economist Friedrich Hayek.

Bear with us as (no pun intended) you read this longer-than-usual outlook!

The last 20 months have taught us to question everything. What is the future of work? Can American democracy survive? Will Baby Boomers keep consuming more than their fair share? And what comes after “trillion”? Howard Marks’s latest memo examines paradigm shifts that could reshape the economy, markets and the world for many years to come.

Enjoy the latest Newsletter from Harold Evensky.

A high tide of growth, aided by a sea change in fiscal policy, is likely to help float the global economy safely over the rocks of risks in 2022, despite waves of worries emanating from COVID, inflation, shortages, and rate hikes.

There are certain features of valuation, investor psychology, and price behavior that emerge, to one degree or another, when the fear of missing out becomes particularly extreme and the focus of speculation becomes particularly narrow. We’ve suddenly hit a motherlode of those conditions. Emphatically, this is not a forecast. It's a statement about current, observable conditions.

With a new Prime Minister taking the helm in Japan, what does the future hold? Franklin Templeton Investment Solutions’ Gene Podkaminer and members of the research team take a look at both local and global trends influencing Japan—and why investors should pay more attention to the country.

At this month’s climate talks in Scotland, a lot of time was spent condemning the shortage of money available to fight global warming.

Inflation is looking less and less “transitory,” and make no mistake: Transitioning to a zero-carbon energy mix as quickly as climate scientists are urging will be highly inflationary.

Limiting global warming to 1.5º Celsius remains just about attainable, but the path to this target is formidable. The United Nations climate summit now underway in Glasgow will indicate whether political efforts to achieve this goal are likely to heat up as fast as scientists tell us the planet is.

In this interview, Kevin Knowles and Nick Zylkowski discuss Russell Investments’ Personalized Managed Accounts (PMA) program, a suite of advisor-sold customized SMAs that support tax-loss harvesting and ESG mandates.

These “perfect storm” disruptions have created numerous headaches for shipping and logistics companies. But as is often the case, bad news is good news, especially for investors who have seen shares of container lines surge in the 18 months since the pandemic began.

The team at HSH.com, features a periodic update entitled "The Salary You Must Earn to Buy a Home in the 50 Largest Metro Areas". The key question is:

"How much salary do you need to earn in order to afford the principal and interest payments on a median-priced home in your metro area?"

We believe the municipal markets should remain strong into 2022, although the good news may already be baked into high quality bond valuations.

Like all rules on Wall Street, Bob Farrell’s rules are not hard and fast. There are always exceptions to every rule, and while history never repeats exactly, it often “rhymes” closely.

Treasury reported a federal budget deficit of about $2.8 trillion (about 12% of GDP) for FY21. Barring a major unforeseen event, the deficit will fall considerably next year. By itself, that will be a negative for GDP growth, but a further strengthening in private-sector demand should more than offset that.