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The Importance of Income (Video)

In a recent video, Ken Johnson comments on the importance of income and the potential benefits..

Italian Elections: The Political Climate Heats Up

Markets breathed a sigh of relief as centrist Emmanuel Macron won the French presidency on..

What’s Driving the Future of the Auto Industry?

The global auto industry completed a successful year in 2016, driven by solid sales performance..

Trump’s Tax Proposal: The Opening Move in a Poker Game

Corporate tax highlights:

  • Cut the corporate income tax rate from its current 35% to 15%.
  • Apply..

Global Growth Themes and Forecasts (Infographic)

 A synchronized pickup in global economic activity has lifted the spirits of businesses,..

Turkish Referendum: Local Markets Rally, But For How Long?

So far, the market’s reaction to Turkey’s historic referendum on the adoption of a national..

Smartphones & Distracted Driving: What’s the Impact on Auto Insurers?

Auto insurers have been caught off-guard. Traffic deaths had been in decline for four decades,..

Dutch Election Results: What Do They Mean for France?

Global markets breathed a collective sigh of relief last week when it became clear that Geert..

Border Tax:  Should We Anticipate a Backdoor Gasoline Tax?

How might the new administration make good on its promise of a lower corporate tax rate? The..

The Donald and the Dollar

From Election Day in November through the end of 2016, financial markets embraced the “Trump..

Chart of the Week: US GDP and the Soybean Factor

By Brian Horrigan, Chief Economist February 22, 2017

Seasonally adjusted, US real GDP rose a strong 3.5% in the third quarter of 2016, but then..

European Banks: Be Mindful of Risks in 2017

European banks seem to be on an upward trajectory – although improvements are likely to come at..

2017 Market Outlook: 15 Experts On What To Watch

By Orla O'Brien, Media Specialist January 3, 2017

 Every six months, we share insights from Loomis Sayles portfolio managers and analysts; what..

Finally, Fed Hikes Rates: Our Reaction to the Second Increase Since 2006

By Orla O'Brien, Media Specialist December 14, 2016

What a difference an election makes

"It wasn’t much of a surprise that the Federal..

A Trump White House: Potential Impact on US Banks

Donald Trump’s presidential victory may have a mildly positive impact on US banks. A change in..

A Trump White House: Potential Impact on the Biopharmaceutical Industry

By Olga Tatar, Senior Analyst December 8, 2016

During the campaign, President-elect Trump talked about several key issues that would impact the..

Italy Rejects Constitutional Reform Referendum

Italy rejected Prime Minister Matteo Renzi's constitutional reform in Sunday’s referendum, as..

A Trump White House:  Potential Impact on the Auto Industry

The Trump victory has inflicted a heavy dose of uncertainty on the capital intensive global auto..

A Trump White House: Potential Impact on Commodities

Many of the policies President-elect Trump discussed on the campaign trail align with current..

A Trump White House: Potential Market Impacts of the US Election

Donald Trump's presidential upset has stunned financial markets, which had heavily discounted a..

Presidential Power: Are We At Risk for a Trade War?

By Brian Horrigan, Chief Economist November 4, 2016

As do many economists, I have a strong bias for free trade. These are not happy times for those..

Equity Earnings: Where Will We Run in 2017?

The burning question for equity investors is: what will happen to earnings in 2017? We estimate..

Global Growth Themes and Forecast (Infographic)

With global savings and investment having peaked recently, we remain in a demand deficient..

BB-Rated Bank Loans Can Make It Better: Reducing Volatility, Drawdown Risk

Our bank loan team has long believed that BB-rated bank loans can be very attractive to asset..

China: Rising Risks Posed by Shadow Banking

Non-bank financial institutions (NBFIs), which typically operate with less regulatory oversight..

FOMC September Decision: Setting Up a Hike

By Brian Horrigan, Chief Economist September 22, 2016

To almost no one’s surprise, the Federal Reserve’s Federal Open Market Committee (FOMC) changed..

Oil Outlook for the Remainder of 2016

I believe oil prices will likely remain under pressure through the end of the year. There has..

US Housing: Prices Driven Up By Limited Construction & Strong Demand

Single family construction presents a puzzle: with the economy in the seventh year of expansion,..

The Connected Consumer: 3 Key Themes

Whether watching television, shopping or driving in the car, today’s consumers want to control..

Could Negative Interest Rates Lead to the End of Cash?

Historically, central banks raise interest rates on bank deposits when they want to cool..

Mid-Year Investment Outlook (Video)

By Orla O'Brien, Media Specialist August 3, 2016

In a recent blog post, we shared 12 insights from Loomis Sayles investment experts about the..

Fallen Angels: For Investment Grade Investors, Patience is a Virtue

Since January, Moody’s has stripped 33 US corporations of their investment grade status -- the..

Britain's Vote for Brexit: Initial Thoughts

Thus far, financial markets have not shown widespread panic over the historic outcome of last..

Mid-Year Outlook for Investment Grade and High Yield Bonds

This is a “risk on” environment that has supported fixed income credit sectors - but it probably..

What Happens to High Yield, Happens to Bank Loans—Only Less

One of the phrases our bank loan team loves to use is “whatever happens in the high yield..

Brexit’s Impact on Global Markets

The upcoming June 23rd UK referendum on European Union (EU) membership appears to be a knife’s..

Global Growth Forecast - Q2 (Infographic)

This year began with a volatile start, as many capital markets followed oil prices sharply..

Green Shoots in China Promising, but Temporary

We’ve seen some favorable headlines from China recently, including better-than-expected..

Relationships Are Complicated: Crude Oil and US Equities

Over the last 30 years, the correlation between crude oil prices and the US equity market has..

Boring Ol’ TIPS – Not So Boring Now

TIPS seem to be en vogue. Why the interest in this relatively unexciting, high-quality asset..

The US Auto Industry: Have Sales Peaked?

Since the massive restructuring of the US auto industry in 2009, sales have increased by..

Shale: Producers Get Religion, But Uncertainty Remains

By David Cohen, portfolio manager April 15, 2016

The answer to a fundamental question is becoming clearer: US oil production is likely going to..

Chinese Non-Performing Loans – How Bad Can They Get?

The main contributor to China’s economic slowdown is its manufacturing sector, which is..

Global House Prices: Hints of Housing Bubbles

Over the last 25 years, home prices across a number of major economies have risen faster than..

Emerging Markets Winners and Losers: Q4 2015

In the fourth quarter, emerging market (EM) assets posted modest to flat gains. This left..

Market Perspectives on High Yield & Liquidity

By Kenneth Johnson, Product Manager February 17, 2016
High yield bonds are experiencing larger price fluctuations given the low-liquidity environment..

Global Growth Forecast - Q1 (Infographic)

Some big trends that drove markets in 2015 seem set to stay with us into 2016:
  • The US dollar is..

Crude Oil: The Bane of a Commodity Trader’s Existence

Oil traders everywhere probably had their fingers crossed that oil’s craziest trading days would..

Japan: 5 Reasons to Be Optimistic Despite the Demographics

For many analysts, it’s difficult to be positive about Japan over the long-term given its..

2016 Market Outlook (Video)

By Orla O'Brien, Media Specialist January 5, 2016

In a recent blog post, we shared insights from Loomis Sayles analysts, strategists and traders..

Warm Weather Distortions in US Economic Data

By Brian Horrigan, Chief Economist December 22, 2015

November 2015 ranked as the 25th warmest November in the last 121 years. The weather was..

Fed Raises Rates for the First Time Since 2006: Our Reaction

By Orla O'Brien, Media Specialist December 16, 2015

 Fed strikes a reasonable tone in today's guidance

"The day is finally upon us. It's been..

Chart of the Week: Rates Hikes & the US Equity Market Reaction

All eyes will be on the Federal Reserve this Wednesday as investors around the world await news..

Analyst Notes:  A Brighter Outlook for US Banks?

The overall mood at the recent US BancAnalysts Association of Boston conference was positive. ..

Keystone Pipeline Suffers Rejection Syndrome

Originally proposed in 2005, TransCanada’s Keystone XL pipeline would have transported over..

Currency Wars - What Will Break the Cycle?

The term “currency war" may sound like sensationalism. But the series of competitive..

Emerging Markets Winners and Losers: Q3 2015

Investor risk aversion battered emerging market (EM) assets during the third quarter. Local..

Getting a Mortgage is Harder Than Ever

There’s an important debate bubbling among investors and policy-makers: have residential..

El Niño: Winds of Change for Commodity Prices?

An endless number of factors can influence commodity prices. The headlines this year are focused..

Global Banks – Who Is Swimming Naked?

The outlook for most large banks around the world remains favorable, and one reason is that many..

Global Growth Forecast - Q4 (Infographic)

The global economy is in the midst of a major rebalancing, and many themes we have tracked since..

Bank Loans: 3 Key Things You Should Know

Many characteristics make bank loans stand out from their fixed income peers, but here are three..

Chart of the Week: Is It Time to Enjoy High Equity Risk Premiums?

The global average equity risk premium (ERP)–is 6.5%.

This is good news for equity..

Chart of the Week: Chinese Construction & Land Acquisition Falling

Over the last 10 years, the Chinese economy was drugged into growth through excessive amounts of..

Fed Leaves Interest Rates Unchanged: 4 Insights from Loomis Sayles

By Orla O'Brien, Media Specialist September 17, 2015

 

Plans for normalization deferred, not derailed

"Today the FOMC signaled that plans for..

The Smartphone Banking Revolution: Leaders of the Pack

By 2020 it is projected that 70% of the world’s population will own a smartphone  - 1.2 billion..

Don't Panic: Putting Market Turbulence in Context

Sharp declines in China’s equity markets have heightened fears about the country’s economic..

Emerging Markets Winners and Losers: Q2 2015

Following positive performance in the first quarter, emerging markets (EM) came under pressure..

Global Growth Forecast - Q3 (Infographic)

Every quarter, we update our forecast map. What's different this time? We have shaved our US GDP..

Chart of the Week: Corporate Sector Bond Liquidity

Sharply lower dealer inventories and rising levels of outstanding corporate debt have created a..

Mid-Year Commodities Update: Is It Time To Buy?

Editor's Note: This post was originally published on July 21, 2015 and has been updated for..

The Invisible Hand Clobbers the Shanghai Market & the State Intervenes

Can the government control this tailspin?  

Anything that goes up as fast as the Chinese stock..

UPDATE: After The Referendum (as of 7/7/2015)

After the weekend’s resounding "no" vote on the referendum and Finance Minister Varoufakis'..

Mid-Year Investment Outlook (Video)

In our last blog post, we shared 10 insights from Loomis Sayles investment experts  about the..

Epic Uncertainty: Markets React to Greek Debt Crisis

It's a tense standoff between Greece and its international creditors. Unless both sides..

Mid-Year Investment Outlook: 10 Experts on What to Watch

We spoke with 10 Loomis Sayles investment experts about the most pressing issues and provocative..

Bank Loans & High Yield: Conscious Uncoupling is Not Just for Celebrities

We have long believed that the bank loan market, as represented by the S&P/LSTA Leveraged Loan..

Emerging Market Currencies: All About That Base

The case for investing in emerging local currency debt over the long haul is well-documented: as..

Oil Prices: 4 Factors to Watch as Iran Increases Energy Exports

Editor's Note: This post was originally published on May 29, 2015 and has been updated for..

China is Choking on its Own Debt

We have it on good authority. And in this case that authority is an unlikely source – the..

Two Blows to Broadband: 4 Implications of Tougher Regulation

The broadband industry is reeling from the one-two punch delivered by recent rulings that signal..

Oil & Water: Their Possible Impact on State Fiscal Health

Two situations stand out as having the potential to disrupt the fiscal health of important..

Refrigerator vs. Restaurant: Where Are US Consumers Spending More?

A very interesting detail from April's retail sales report – for the first time in US history,..

Emerging Markets Winners and Losers: Q1 2015

2015 kicked off with a rocky start for emerging markets: pending US rate hikes, falling..

The Dollar and the Fed: A Love-Hate Relationship

The US job market continues to plow ahead, leading many to believe Fed rate hikes are coming..

5 Charts: The Troublesome Trajectory of Student Loans

Although many seem focused on the dangers posed by the recent growth of subprime auto loans, we..

Chart of the Week: Cash Dividends are Key

The income potential of equities is positive right now – especially in this low interest rate..

Growth in the Euro Zone: Europeans Consuming Again

Euro area growth appears set to outperform in 2015, thanks in part to a stronger consumer...

Chart of the Week: Bank Loans Are the Tortoise, Not the Hare

 

Bank loans are designed to be steady returners with low volatility

The global financial..

US Economy: Cooler than Consensus

The rebound is over, and we can’t just blame the dreadful winter weather. Much recent data have..

A Stable Outlook for US Banks: 6 Factors to Watch

 
Overall, my outlook for US banks remains stable with some hope for a positive turn later..

3 Surveys Show US Consumers Feeling Friskier

By Brian Horrigan, Chief Economist February 13, 2015

US consumers are feeling friskier according to recent data.

While the three surveys below differ..

Oil Prices: The Petro Plunge Continues in January 2015

Editor's Note: This post was originally published on February 5, 2015 and has been updated for..

Emerging Markets Winners and Losers: Q4 2014

We live in a world characterized by VUCA - volatility, uncertainty, complexity and ambiguity –..

3 Insights from the Detroit Auto Show

This was my 14th year attending the Detroit auto show (North American International Auto Show)..

ECB Outlook: Not All Asset Purchases are Created Equal

It is highly likely that the European Central Bank (ECB) will introduce additional easing..

2015 Commodities Outlook: Hunting for Bulls

Editor's Note: This post was originally published on January 5, 2015 and has been updated for..

Central Bank of Russia Moves to Stabilize Banking System

On December 17, the Central Bank of Russia (CBR) announced steps to stabilize the banking system..

Investment Outlook: 10 Experts On What to Watch in 2015

By Orla O'Brien, Media Specialist December 19, 2014

We spoke with 10 Loomis Sayles investment experts about the most pressing issues and provocative..

Oil: Prices to Remain Low Into 2015

Editor’s Note: This post was originally published on December 12, 2014 and has been updated for..

Covenant-Lite Loans: Flawed Assumptions Can Lead to Misunderstanding

By Cheryl P. Stober, Product Manager December 10, 2014

In April 2013, our bank loan team published a white paper clarifying prevalent misconceptions..

Emerging Markets Winners and Losers: Q3 2014

The third quarter was nothing short of turbulent in the emerging market (EM) asset class, with..

The Euro Zone: An Early Warning for 2015

With a slew of key elections on the horizon, 2015 will be a crucial year for Europe. It’s been..

Two Trends to Watch in Enterprise Technology

By Tony Ursillo, Equity Analyst November 14, 2014

The rapid pace of innovation followed by obsolescence in the information technology sector..

Rate Hikes & the US Equity Market

What do rate hikes portend for the equity markets?  Let’s do the numbers.

We examined the past..

US Fed Ends Quantitative Easing: 5 Insights from the FOMC Statement

By Brian Horrigan, Chief Economist October 30, 2014

Quick wrap-up: 

  • No change in policy rates, quantitative easing (QE) concludes as scheduled
  • The..

Subprime Auto Lending: Getting Worse But Still Tolerable

Things are changing in subprime auto lending. Subprime auto lending is increasing and credit..

Scaling Down the Bank Loan Wall of Maturities

Ask any professional in the bank loan industry about the average life of a bank loan, and you’ll..

Brazil’s Election & Economic Outlook: Could This Be a “Modi Moment”?

Brazil’s presidential election on October 5th was previously seen as sewn up by the incumbent,..

Landmark Reforms & the Mexican Economy - What's Next? (Video)

2013 was a landmark year for Mexico. Five constitutional reforms that were implemented: labor..

Global Asset Allocation: 6 Markets to Watch

Some headlines from our recent global asset allocation team (GAAT) meeting:

1. Go International..

Loomis Sayles Launches LandScape: A Blog Focused on Research

Today, we are pleased to announce the launch of the Loomis Sayles blog: LandScape.

Independent,..

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About the Authors

Loomis Sayles analysts are career professionals who offer deep knowledge and experience in a diversity of global asset classes and market sectors. These dedicated experts provide the insight essential to supporting our portfolio management teams across a wide range of investment strategies.

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