MRB on Xinhuanet.com – September 30, 2019
“Having been equity bulls for most of the decade, we are currently neutral,” said international investment advisory firm MRB Partners Inc. in a research note on Friday.
MRB said it would return to an overweight if political risks ebb and manufacturing activity firms up. Conversely, it would de-risk if the service and consumer sectors look to join the manufacturing sector on the downside.
MRB warned that instability and uncertainty from political backdrop is prolonging the sluggishness of global trade and could ultimately undermine economic risk-taking and eventually end the cycle.