as treasuries become less distorted by central-bank activity, the aaa, aa, single-a, high-quality components should and criminally be forced -- should incrementally be forced wider. so what we are calling for is more of a barbelled approach. maintaining that lower quality exposure to higher income components. romaine: great to get your insights, matt toms, giving us insight about where we stand with what we got out of jay powell and how the fixed income market is reacting. more insight on the equity side. bloomberg intelligence chief equity strategist gina martin adams joining us now. we had a massive rally in tech stocks. gina: pretty good rally in tech and in the dollar, which should have notable consequences for global allocations going into 2022. generally, the equity notion -- the equity market celebrating the notion that we have this pest dispelled by the news, but also the market taking the signal that the terminal rate might not go as high. the fed will work to contain inflation, normalize policy, and they are sticking to their guns despite fears recently about omicron and potential

that worst-performing major issue were has been a company that began the year with at least one single-aating, hailing from sectors as diverse is utilities, aerospace, energy, and technology. is there going to be this wave of issuings that pressures these ratings, or is high-yield and still good shape? peter: we have the strongest conviction around high yields and think that investors could have exposure, and quite frankly, that asset class we are forecasting returns in 2022 to be five to 7%. we can get equity low returns in high-yield that has more consistent -- as well as it has the ability to just be a less risk-tolerant as a class. if you look at high-yield for the next year, we think the fundamentals look really good even for the lower-quality credits. we think just from a default perspective, historically high- yield the defaults are roughly 3.5%. we are forecasting the next couple years they will hover around 1%. with the higher income streams, with the better fundamentals, and with the lack of defaults can we think high-yield is going to do really good in the next couple years. t

the studio was founded by fashion design and social entrepreneur, or she does single, a business upside was fabric, wrist into flat, yon to be sold back to design houses, or making new garments when it will be collaborated when the design, how is it a fashion done? this and best of these, it is in keenness, ordered us for different colors in fiber dice. it is and got into strips and then a woven into a new foggy that he pope was. fabric is then sort back to was design or so i'd ohio value. so then they can create the sistine range don't fun, day at line game. so the process is a circular, so either source overall mcdavia is also was finely planned by one's customers at an cottage to it on the old product instead of discarding to the can be lipa. in the last 2 years, the studio says it has upside, can 1500 close of scrub produce or 3000 meters of up cycle fabric and save more than 3000000 litters of what it's annual done. oh wow. is around rupees, 50 locks of 56000 mules. for me, designers about solving problems and the biggest problem to days of climate change . and i saw an fashion lay

a sheet dust single, a business of cycles fabric wrist into flat, yawned to be sold back to design houses or making new garments when it will be collaborated with the design. how is it of fashion done this? and best of these, it is in keenness ordered aspirant to fin gallows and fibre dice. it is and got into strips, and then a woven into a new fabi that he pope was. fabric is then solar back to those design or so i'd ohio value so that they can create the sistine routine still fun day at line game. so the process is a circular, so source, overall mcdavia is also was finally flight by one's customers in cottage dude. it on old product instead of discarding to the can be leap up in the last 2 years, the studio says it has up cycle 1500 close of escrow produce or 3000 meters of up cycle fabric and save more than $3000000.00 litters of what it's annual, done over is around repeat, 50 locks of 56000 years for me, designers about solving problems and the biggest problem, today's of climate change and i saw an fashion lay contribution, not the woods want to pollution and pollution, and o comes

for most management companies the difference between a single a issuer and a triple be issuer on thet of capital basis is pretty marginal. >> what are your clients saying as far as the risks right now? when you're thinking about the relative value of a broader portfolio of assets, are we on the cost of moving into risky assets after 10 or so years of hiding in fixed income? >> my clients have generally been saying that they were hoping for some volatility. clearly we are at the end of the year, the markets a little bit thinner. people have had two years of really grueling new issuance. taking a pause is merited. the big risk that i hear is definitely for a policy error. it will be very interesting to see how policy plays out over the next 12 months especially given the significant shift in the inflationary environment that caught a lot of people on the back foot. i think that in the credit markets we are starting to see that. hearing that we are moving out of the u.s. ig, all of those things are definitely trends that i'm hearing. >> we will be talking about yan coming up. stick with

this comes as new york state set a new single a record for new covid infections, more than 21,000 newreported friday and the final is took the stand on friday in the human maxwell sex trafficking trial. after 12 days of testimony the defense rested its case, maxalt is of helping jeffrey epstein sexually abuse four teenage girls. i'm ashley strohmeyer. logon to foxnews.com. laura: it is friday, time for friday follies of the christmas variety. we need christmas decorations on that follies was raymond arroyo with all the details. the spider who saved christmas father, author extraordinaire raymond, this last friday follies together this year, not together forever but biden give a commencement address i referenced briefly in the angle. you heard some interesting things. >> it is instructive. watch. >> i know the family justice act and policing acts collided fairly well. that is the difference between a black entrepreneur and a white entrepreneur x of the black entrepreneur usually doesn't have a lawyer. this very area is very arena. is america going to be all right? this is troublesome t

the 2018 national defense strategy that singled a sharp turn the global war on terror, to great power competition and although he came out a few years ago, the u.s. military still raising her making that transition it and no shortage of voices and opinions about what she may be included in america's nash national strategy and annuity and in many ways more consideration and elbridge colby is a long time it think tank scholar, a former deputy assistant secretary of defense, mostly can we delay for the purpose of today's discussion, service and pentagon official development of the 2018, national strategy and is the author of new book, this tuesday, "the strategy of denial", america's defense and age of great power, competition in the book is right here and will be placed in the information on how you can get your copy the bucket a special publishers discount, and the chat feature of this webinar and so we start out to engage a few questions and then we will turn you the audience, for your questions and there's a way for you to t it have those questions and the feature of the chat box, ju

the woman you just saw there, she's freezing her eggs, east 35, single. aves trying not to get pregnant, do the right thing, go to school, get a job, find your career, find mr. right, and you final do all of those things and try to have a child and try to start your family and it doesn't work. and so many women have never -- they didn't realize that this was going to happen. >> people don't acknowledge that our clocks don't change. we say, get a career, get a big education, but by the way, you're going to be a whole lot less fertile with every year that passes. what do you want people to take away from watching this sunday night? >> that's a good question. this is my goal. i feel like society is ready for something like this, right? we've gone through our -- the me too and that's still happening. but just as a society, we've said, you know what, with women, you know women, you can speak up, be your own advocate. i'm hoping the same thing with fertility. it's time to speak up. we shouldn't have to whisper the word "period." even now, i just kind of whispered

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