All Articles


Full archive of MRB in the News in the written article format. For the full archive of video and audio appearances click here.

  • MRB on Wealth Solutions Report – February 16, 2024

    Phillip Colmar, Global Strategist at MRB Partners was featured in this edition of the Wealth Management Solutions Report as the newest Investment Solutions Leader. Phillip shares market views for 2024 and outlines the impact for wealth managers.

    View article: Click Here, Wealth Solutions Report

     

  • MRB on Investing.com – February 3, 2024

    “I don’t think rate cuts are warranted and it could be a policy mistake to cut rates that will have intermediate-term inflationary consequences,” Phillip Colmar, global macro strategist at MRB Partners told Investing.com’s Yasin Ebrahim in a recent interview, following the Fed’s Jan. 31 decision to keep rates steady and downplay a March cut. 

    View article: Click Here, Investing.com

     

  • MRB on P&I – February 2, 2024

    Phillip Colmar, global strategist at MRB Partners, noted that “Fed Chair Powell went out of his way this week to suggest that disinflation and Fed rate cuts are independent of softer or below-trend economic growth,” he added. “However, today’s payroll release is problematic for the Fed.” Colmar added that the latest jobs numbers suggest that inflation will bottom out this year well above the Fed’s 2% target, limiting the amount of possible interest cuts.

    View article: Click Here, Pensions & Investment

     

  • MRB on Kiplinger – February 2, 2024

    “Fed Chair Powell went out of his way this week to suggest that disinflation and Fed rate cuts are independent of softer or below trend economic growth. However, today’s payroll release is problematic for the Fed, which has doubled down on ‘transitory.’ The underlying trend in core services inflation ex-shelter or supercore inflation (a major component of the core PCE basket) is driven by wage trends. The latest numbers suggest that inflation will bottom this year well above the Fed’s target, limiting the amount of rate cuts.” – Phillip Colmar, global strategist at MRB Partners

    View article: Click Here, Kiplinger

     

  • MRB on The Globe And Mail – January 12, 2024

    Phillip Colmar, global strategist at MRB Partners contributes to the “2024 In Charts” publication.

    Canada has a widespread housing affordability crisis owing to sky-high home prices and the surge in mortgage rates. The Bank of Canada’s housing affordability index is now at its worst reading since the early 1980s.

    View article: Click Here, The Globe And Mail

     

  • MRB on CNBC – January 10, 2024

    “Right now, the market’s pretty quiet, but I don’t think it’ll be quiet all year,” said Phillip Colmar, Global Strategist at MRB Partners. “We’ve fully priced this Goldilocks soft landing scenario. What’s next? It’s probably ‘no landing,’ which means the bond yields are probably not going to stay as anchored as they are, some of those rate cuts have come back out and then volatility comes back into the equity market … and then it’s not a buy-everything rally that we saw at the year end.”

    View article: Click Here, CNBC

     

  • MRB on Reuters, Yahoo! Finance And Nasdaq – January 3, 2024

    The recent dramatic easing in monetary policy is likely to result in a “no landing,” or continued above-trend growth that will limit how much the Fed can cut rates, said Phillip Colmar, global strategist at MRB Partners in New York. “All major asset classes, including equities, suggest that monetary conditions are plentiful.”

    View article: Click Here, Reuters, Yahoo! Finance, Nasdaq

     

  • MRB on Business Insider – Oracles of Wall Street – December 17, 2023

    Phillip Colmar, Managing Partner, was featured in Business Insider’s Oracles of Wall Street list for 2023! 

    Colmar said Treasury yields would stay relatively calm for the first several months of the year — they did — and then managed to time the spike in yields impressively. The call for higher bond yields was tied in with his view the economy would avoid a recession this year, which he expressed in December 2022 and reiterated in May.

    View article: Click Here, Business Insider

     

  • MRB on BARRON’S – December 8, 2023

    Some investors believe that inflation will stay stickier than many market participants expect. They make a case for TIPS, or Treasury inflation-protected securities. Phillip Colmar, managing partner and global strategist at MRB Partners, doesn’t see inflation returning to the Fed’s target rate of 2% anytime soon. Instead, he sees it settling higher, with serious consequences for retirees on a fixed income. 

    View article: Click Here, BARRON’S

     

  • MRB on ALM – December 6, 2023

    Commercial real estate is tricky with different areas of uncertainty depending on geographic area and type, like residential versus office. “Both sides look terrible now in Canada” says Phillip Colmar, managing partner and global strategist at MRB Partners. “Unfortunately, the pensions went into that and real estate’s in trouble.”

    View article: Click Here

     

  • MRB on Business Insider – November 28, 2023

    Phillip Colmar, a global strategist at MRB Partners, also believes returns for the S&P 500 over the long-term will be lackluster given higher valuations. Over the next 10 years, his firm sees US stocks having a compound annual growth rate of around 1%, while non-US stocks will grow at around 4% per year.

    View article: Click Here

     

  • MRB on CNBC – November 27, 2023

    Phillip Colmar, managing partner and global macro strategist at MRB Partners, similarly said that equities continue to be driven by the bond market. Stocks remain slightly overbought, he said, adding that the economy remains “reasonably resilient,” making it harder for future rate cuts to be justified.

    View article: Click Here

     

  • MRB ON REUTERS & YAHOO FINANCE! – November 27, 2023

    The market has been too eager to call the end of the bond bear market and the recent sell-off became overdone, said Phillip Colmar, global strategist at MRB Partners in New York. “The durability of the U.S. and global economy warns against betting that bond yields will continue to fall,” he said.

    View article: Click Here

     

  • MRB on MarketWatch, MorningStar and msn – October 25, 2023

    MRB Partners Global Strategist Phillip Colmar spoke with MarketWatch reporter Frances Yue about why a bond yield consolidation is needed for equities, especially tech stocks.

    View article: MarketWatch, MorningStar, msn

  • MRB on BNN Bloomberg – October 22, 2023

    Phillip Colmar, managing partner and global macro strategist at MRB Partners, similarly said that equities continue to be driven by the bond market. Stocks remain slightly overbought, he said, adding that the economy remains “reasonably resilient,” making it harder for future rate cuts to be justified.

    View article: Click Here

     

  • MRB on Yahoo! Finance, msn and Markets Insider – October 21, 2023

    Other strategists have warned that there’s still a chance yields run higher. Phillip Colmar, global strategist at MRB Partners, predicted they could indeed breach 5.5% in 2024, and Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors, said a potential government shutdown in November could be an additional factor that pushes yields higher. 

    View article: Yahoo! Finance, msn, Markets Insider

     

  • MRB on CNBC – October 12, 2023

    “Every [CPI] print that comes in where it shows more stickiness chips away at the inherent belief we will eventually get to 2% inflation. We’re not going to 2% inflation, but the bond market still wants to believe we will or come close to it,” said Phillip Colmar, managing partner and global strategist at MRB Partners. Equities continue to head south “as the market realizes that yields will move higher,” he said.

    View article: CNBC, VettaFi ETF Trends

     

  • MRB on Markets Insider, Yahoo! Finance and msn – October 7, 2023

    Phillip Colmar, global strategist at MRB Partners, predicted the 10-year U.S. Treasury yield could even breach 5.5% in 2024, saying the Fed previously suppressed longer-term yields with overly optimistic inflation views and low estimates for a neutral policy rate.

    View article: Markets Insider, Yahoo! Finance, msn

     

  • MRB on Investing.com and Kalkine Media – October 6, 2023

    Phillip Colmar, Managing Partner at MRB Partners, warned that the Canadian housing bubble will  inevitably burst. He cited the fact that the country has one of the biggest bubbles of all time. The surge in Canadian home prices happened as the Bank of Canada (BoC) left interest rates at near zero after the Global Finance Crisis (GFC).

    View article: Investing.com, Kalkine Media

     

  • MRB on Gillett News – September 18, 2023

    An analyst has expressed concerns that Canada’s housing market, which he describes as one of the largest housing bubbles ever, poses a significant risk to the country’s economy. Phillip Colmar, a partner and Global Strategist at MRB Partners, believes that if the housing bubble bursts, Canada could face a deeper recession than what has been forecasted.

    View article: Click Here

     

  • MRB in Reuters – September 15, 2023

    A resilient U.S. economy is the broader trend despite the rise in interest rates, said Phillip Colmar, global macro strategist at MRB Partners in New York.

    “We think the underlying trend of U.S. inflation is with a 3% handle, not 2%, and without a recession you have no chance to get to 2%. The market is still coming to grips with that idea.” “If we don’t get interest rates high enough to cause a recession or to sustainably dampen growth, you don’t need rate cuts. So that pushes up yields”.

    Reuters Article

  • MRB in The Globe and Mail (Op-ed) – September 13, 2023

    Phillip Colmar is managing partner and global strategist at MRB Partners.

    Canada is facing a massive housing bubble after more than two decades of cheap money and lax lending standards. And with a widespread affordability crisis, the country is now atan escalating risk of a housing bust. Many Canadians maintain hope for a soft landing, but higher mortgage rates and softening employment conditions are a lethal combination.

    Globe and Mail Op-ed (Paywall), Archived Version, Archive

  • MRB on National Post – September 6, 2023

    “Canada is probably sitting on the largest housing bubble of all time,” says Phillip Colmar, partner and global strategist at MRB Partners. “House prices and income ratios are off the charts.”

    View article: Click Here

     

  • MRB on Toronto Star – August 29, 2023

    Phillip Colmar, managing partner and global strategist at MRB Partners has analyzed housing bubbles across the globe and flagged Canada as potentially having the most concerning one.

    View article: Toronto Star, Waterloo Record, Niagara Falls Review, InsideHalton.com, Welland Tribune, ParrySound.com, Archive

     

  • MRB on Storeys – August 29, 2023

    An international strategist is warning that Canada could be sitting on the largest housing bubble of all time.

    “I’ve analyzed housing bubbles in the developed world and Canada’s really got a unique one to its own,” says Phillip Colmar, Managing Partner and Global Strategist at MRB Partners.

    View article: Click Here

     

  • MRB on msn – August 29, 2023

    Phillip Colmar, global strategist of MRB Partners, is concerned about the unprecedented levels of debt that could put several Canadian households at risk. The worst part for a housing bubble is when you have a credit bubble underneath it.

    View article: Click Here

     

  • MRB on DailyHive – August 29, 2023

    “The worst part for the housing bubble is when you have a credit bubble underneath it, and the amount of Canadian leverage into the system versus income is pretty astronomical,” said Phillip Colmar, the Managing Partner of The Macro Research Board.

    View article: Click Here

     

  • MRB on Malaysia Sun – August 25, 2023

    “I think it’s a very narrowly focused market,” says Phillip Colmar, global strategist at MRB Partners, adding that just a few names are driving the entire market. “I do think if you’ve got a better growth backdrop and higher bond yields, it lends itself naturally to a broadening of the market. We saw some of that in recent weeks,” he said.

    View article: Click Here

     

  • MRB on Yahoo! Finance – August 24, 2023

    The U.S. economy is less interest rate-sensitive than it was in the past, said Phillip Colmar, global strategist at MRB Partners in New York. “This has been a year in transition where people had expected recession. They’ve been wrong-footed on that call,” he said. “We expected bond yields would break higher and hit new highs, which they have.”

    View article: Click Here

     

  • MRB on Forex Factory – August 24, 2023

    The Canadian housing market is at high risk of unravelling, according to one expert. The level of debt that Canadians have taken on in comparison to their incomes has put many in a precarious position should mortgage rates continue to rise — which is likely says Phillip Colmar, managing partner at MRB Partners.

    View article: Click Here

     

  • MRB on Canadian Mortgage Professional – August 24, 2023


    The unprecedented high levels of debt that Canadians currently hold will place a significant number of households at risk, especially if mortgage rates continue to rise, according to Phillip Colmar, managing partner and global strategist at MRB Partners.

    View article: Click Here

     

  • MRB on msn – August 24, 2023

    In an interview with BNN Bloomberg,  Phillip Colmar, partner at Global Strategist at MRB Partners, notes that  “Canada is probably sitting on the largest housing bubble of all time”.

    View article: Click Here

     

  • MRB on Barron’s – August 16, 2023

    “I don’t think this level of yield will break the economy, so you’ll get a better entry point,” with a higher yield, says Phillip Colmar, global strategist at MRB Partners, an investment strategy firm.

    View article: Click Here

     

  • MRB on Kiplinger – August 10, 2023

    “There is almost no chance that core inflation will fall back near the central bank’s 2% target absent a recession, and the latest economic data indicates the Fed did not provide that knock-out blow.” Phillip Colmar, managing partner and global strategist at MRB Partners.

    View article: Click Here

     

  • MRB on CNBC – August 9, 2023

    “The markets had run up a lot,” said Phillip Colmar, managing partner at MRB Partners. “It’s a bit of a wait-and-see, digestion phase.”

    View article: Click Here

     

  • MRB on Reuters – August 7, 2023

    A U.S. economy growing more than expected has pushed aside fears of a recession, but rising bond yields pose a risk to equity investors, said Phillip Colmar, Global Strategist at MRB Partners in New York.

    “The bond market is coming back into the driver’s seat again,” he said, much as it was in 2022. “If the cost of capital isn’t the thing causing economic damage here, as everybody predicted and our framework suggests it isn’t, then it’s pretty hard to argue for rate cuts.”

    View article: Click Here

     

  • MRB on CNN – July 26, 2023

    “Where the market is mispriced is in expecting significant rate cuts next year. If anything, additional rate hikes will be required,” said Phillip Colmar, Global Strategist at MRB Partners.

    View article: Click Here

     

  • MRB on Investing.com – July 26,, 2023

    “This Fed meeting was about going for maximum flexibility, giving them the ability to do one more quarter-point hike, but not more than that,” Phillip Colmar, Global Strategist at MRB Partners told Investing.com’s Yasin Ebrahim in an interview Wednesday.

    View article: Click Here

     

  • MRB on Bites – July 11, 2023

    The banking crisis has affected the economy less than people appreciate, MRB – The Macro Research Board’s managing partner, global strategy, Phillip Colmar, tells Aerial View.

    View episode: Click Here

     

  • MRB on MarketWatch And MorningStar – July 11, 2023

    Still, “I think there’s some optimism about CPI coming in lower [than expected] this week,” said Phillip Colmar, managing partner and global strategist at MRB Partners.

    View articles: MarketWatch and Morningstar

     

  • MRB on Bloomberg And Financial Advisor – June 30, 2023

    However, the more important catalyst for growth stocks will be the direction of Treasury yields, according to Phillip Colmar, managing partner and global strategist at MRB Partners.

    “The key to a broader participation in the stock rally will be where monetary policy is headed and its impact on bond yields,” Colmar said. If yields break out of their October highs, investors will start getting nervous about tech and growth stocks, he added.

    View articles: Bloomberg and Financial Advisor

     

  • MRB on Bloomberg And Yahoo! Finance – June 22, 2023

    “We’ve seen central banks say: ‘Oh, we haven’t done enough.’ They thought at the beginning of the year they had, and everybody thought we were going into recession, and now what we’re seeing is the data sequentially move away from that,” said Phillip Colmar, global strategist at MRB Partners. “If you’re not in a recession, it’s also really hard to get core inflation down because you need to weaken the employment sector in order to do so.”

    View articles: Bloomberg and Yahoo! Finance

     

  • MRB on Kiplinger – June 14, 2023

    As for the data the Federal Reserve is watching, “the latest inflation prints showed a further easing in price pressures, most notably at the headline level,” says Phillip Colmar, partner and global strategist of MRB Partners. This, he adds, “provided some flexibility for the Fed to take a breather at today’s meeting.”

    View article: Click Here

     

  • MRB on Bites – June 13, 2023

    Many economists are overestimating the likelihood of a recession over the next year, Phillip Colmar, managing partner, global strategy at the MRB – The Macro Research Board, tells Aerial View. That’s because their base case assumes the 2010s represent equilibrium, he explains. Colmar says that was an outlier period in history, with the household and banking sectors deleveraging and some other drags after the housing bust. He says economists worry due to that base case that as the cost of capital rises it will hinder the world economy and therefore they’ve been underestimating where interest rate levels need to be.

    View episode: Click Here

     

  • MRB on Dow Jones -MarketWatch – Morningstar And msn – June 7, 2023

    “I think there’s a realization among central banks but also investors that the cost of capital wasn’t yet at the tipping point. We’re not sending the world economy into recession,” said Phillip Colmar, partner and global strategist at MRB Partners.

    View articles: Dow JonesMarketWatchMorningstarmsn

     

  • MRB on The Wall Street Journal – June 6, 2023

    “You’ve got a situation where people are pricing out a recession and the growth side of the equation is looking a little better, but we’ve had a big unwind of Fed rate-cut expectations for this year,” said Phillip Colmar, global strategist and partner at MRB Partners.

    View article: Click Here

     

  • MRB on CityWire – May 30, 2023

    Phillip Colmar, managing partner and global macro strategist at MRB Partners, similarly said that equities continue to be driven by the bond market. Stocks remain slightly overbought, he said, adding that the economy remains “reasonably resilient,” making it harder for future rate cuts to be justified.

    View article: Click Here

     

  • MRB on MarketWatch – May 30, 2023

    The balance between stocks and bonds also depends on where investors think the equilibrium Fed funds rate stands, according to Phillip Colmar, partner and global strategist at MRB Partners. The equilibrium Fed funds rate is the short-term interest rate consistent with full employment and stable inflation in the long run.

    View article: Click Here

     

  • MRB on The Tape Podcast – May 26, 2023

    Ira Jersey, Chief US Interest Rate Strategist with Bloomberg Intelligence, and Anna Wong, Chief US Economist with Bloomberg Economics, join the show to discuss the debt ceiling. Michael McKee also joins the discussion. Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, joins the program to talk about investments he likes and outlook for the markets.

    View article: Click Here

     

  • MRB on CNBC – May 23, 2023

    “Certainly, the debt ceiling’s been weighing on investors,” said Phillip Colmar, partner and global strategist at MRB Partners. “It’s probably an 11th-hour deal, but if it is earlier than that, I think that would be encouraging.”

    View article: Click Here

     

  • MRB on Nasdaq – May 5, 2023

    Investors will be monitoring U.S. banking sector developments very closely over the next several days, since the recent events caused a renewed selloff in bank stocks and more volatility across the markets, says Phillip Colmar, managing partner and global strategist at MRB Partners, an independent investment research firm.

    View article: Click Here

     

  • MRB on Yahoo! Finance – May 5, 2023

    “The wild card or caveat is always that banking systems are built or based on the trust of depositors. If that trust or confidence is questioned (potentially due to negative news headlines or sharp declines in share prices), a panic or frenzy can unfold where people start pulling their deposits at otherwise solid banks,” said Phillip Colmar, global strategist at MRB Partners.

    View article: Click Here

     

  • MRB on Money – May 5, 2023

    What’s next for the stock market after the Federal Reserve’s recent interest rate hike? According to MRB Partners’ global strategist Phillip Colmar, investors will be closely monitoring the banking sector and inflation data. Read the full article by Money’s Mallika Mitra to learn more about the outlook for the market.

    View article: Click Here

     

  • MRB on Bloomberg – May 5, 2023

    “The wild card or caveat is always that banking systems are built or based on the trust of depositors. If that trust or confidence is questioned (potentially due to negative news headlines or sharp declines in share prices), a panic or frenzy can unfold where people start pulling their deposits at otherwise solid banks.”

    After a volatile week for bank stocks, MRB Partners’ global strategist Phillip Colmar discussed several factors that impact deposits in reporter Emily Graffeo’s Bloomberg article.

    View article: Click Here

     

  • MRB on BizNews – December 7, 2022

    The strategy is especially relevant in today’s market environment of global supply shocks in food and energy, excessive inflation, surging interest rates and bond yields and the increasing risk of recession. In an MRB Partners report titled “Dividends pay dividends in tough times” (July 26, 2022), Peter Perkins writes that “Dividends are more stable than earnings and provide a buffer for equities during periods of weakening global economic growth…

    View article: Click Here

     

  • MRB on BizNews – November 24, 2022

    MRB Partners states that “Euro area households, businesses and banks are in solid shape which provides a much greater foundation than a decade ago.” As a result, it forecasts the Eurozone will grow at a faster pace in the next decade than the last, with annual growth picking up from 0.9% from 2011-2021 to around 1.5%.

    View article: Click Here

     

  • MRB on CNBC – August 2, 2022

    “After de-rating dramatically in the first-half of this year, many investors fear that a significant decline in corporate profits looms, signaling much more pain ahead for stock prices,” MRB said in a note Tuesday.

    View article: Click Here

     

  • MRB on China.org.cn – December 1, 2021

    World oil demand growth in 2022 will remain strong, but supply will likely rise to meet it, said Mehran Nakhjavani, a partner of emerging markets with the MRB Partners on Tuesday.

    Oil prices are more likely to return to a range of 60 dollars to 70 dollars per barrel next year, rather than to rise further from current elevated levels, said Nakhjavani in a research note.

    View article: Click Here

     

  • MRB on Coindesk – November 16, 2021

    “The crypto space has now become mildly overbought,” Santiago Espinosa, a strategist at MRB Partners, an investment research firm, said during an interview with CoinDesk. The chart below shows MRB’s cyclical momentum indicator, which has risen from oversold levels over the past month.

    Espinosa said that risk-taking in cryptocurrencies has been heavily incentivized by extreme monetary and fiscal stimulus. This could mean cryptocurrencies have further room to rise and eventually reach extreme overbought levels.

    For now, “I believe that until real interest rates become restrictive, the recent rally in this speculative space has legs,” Espinosa said.

    View article: Click Here

     

  • MRB on Coindesk – October 1, 2021

    “The challenge for this speculative space is there remain too many macro headwinds to be resolved,” Santiago Espinosa, a strategist at MRB Partners, said in an interview with CoinDesk.

    Espinosa said the global regulatory crackdown is still evolving. Outside of China, U.S. and European authorities may enact stricter measures that could handicap crypto prices by making it harder for users to exchange crypto for fiat currencies, according to Espinosa.

    View article: Click Here

     

  • MRB on Xinhuanet – September 25, 2021

    The MRB Partners on Thursday confirmed an overweight rating on Chinese stocks within an emerging market and global equity portfolio within the next six to 12 months, said Mehran Nakhjavani, a partner of emerging markets with the MRB Partners.

    The confirmation is based on domestic investor positioning support, oversold conditions and likely policy announcements that will provide monetary and fiscal policy cushions, Nakhjavani said.

    View article: Click Here

     

  • MRB on Yahoo! Finance – August 20, 2021

    Several analysts noted that extreme overbought conditions have unwound since April, which is providing support for the crypto rally.

    “Right now, bitcoin and other cryptos have enjoyed technical support (as they were becoming mildly oversold),” Santiago Espinosa, a strategist at MRB Partners, wrote in an email to CoinDesk.

    View article: Click Here

     

  • MRB on Coindesk – July 21, 2021

    Another source of selling pressure across risk assets could be the reduction of government stimulus. “Too much stimulus breeds complacency,” MRB Partners wrote in a research note published on Friday.

    MRB also noted widespread asset price inflation, which can lead to market imbalances similar to an episode in Japan in the 1980s that preceded a decade of low investment returns.

    View article: Click Here

     

  • MRB on Shine – July 15, 2021

    China will continue to be a major contributor to global trade growth in the year ahead thanks to continued strength in the country’s domestic demand and import demand driven by robust export orders, Mehran Nakhjavani, partner of emerging markets with research firm MRB Partners, said in a recent note.

    View article: Click Here

     

  • MRB on Coindesk – June 23, 2021

    “Any evidence that easy money is ending with a more hawkish stance by central banks will likely be a drag for speculative assets,” Santiago Espinosa, a strategist at MRB Partners, wrote in an email.

    View article: Click Here

     

  • MRB on Xinhuanet – June 18, 2021

    “Based on the past two bitcoin cycles it suggests that the pandemic-induced crypto bull market may have come to an end, as this digital space is undergoing an unwinding of overbought price conditions,” said Santiago Espinosa, strategist of absolute return and foreign exchange with MRB Partners.

    View article: Click Here

     

  • MRB on Asian Private Banker – June 10, 2021

    “Inflation will not be as ‘transitory’ as many investors believe, or the Fed hopes will be the case,” cautioned Phillip Colmar, global macro strategist at The Macro Research Board, a US-based independent global top-down research
    firm.

    View article: Click Here

     

  • MRB on Coindesk – June 7, 2021

    “Crypto is seen as a way of hedging against political turmoil, but it will need to reach critical mass. El Salvador’s move is unlikely to counter China’s given its relative size,” Santiago Espinosa, strategist at the independent investment research firm MRB, said in an interview.

    View article: Click Here

     

  • MRB on Kryptomoney – June 4, 2021

    Thus, the question remains if this is the end of the Bitcoin-driven rally since the past year? New York-based MRB Partners, a boutique investment research firm believe that the rally in Bitcoin (BTC) since the previous year may be coming to an end.

    View article: Click Here

     

  • MRB on Coindesk – June 3, 2021

    The rally in bitcoin (BTC) over the past year may be nearing an end, according to New York-based MRB Partners, a boutique investment research firm.

    View article: Click Here

     

  • MRB on Xinhuanet – March 21, 2021

    U.S. cyclical sectors like energy, financials, industrials and materials have led the market higher since early November 2020 when positive vaccine news began to trickle out, said research firm MRB Partners on Friday.

    MRB Partners said it expects cyclical sectors to continue to exert market leadership in the year ahead given the prospects of strong economic rebound once a large share of the population is inoculated.

    View article: Click Here

     

  • MRB on Xinhuanet – March 12, 2021

    U.S. real GDP will grow at over 7.5 percent in 2021 by using a fairly conservative assumption regarding the size of the fiscal multiplier, said Prajakta Bhide, U.S. economy and policy strategist with MRB Partners, a New York-based private research firm, on Thursday.

    View article: Click Here

     

  • MRB on Xinhuanet – January 27, 2021

    Such policies should be designed to reduce perceived downside risk to euro and the process will likely be gradual, said Peter Perkins, global strategist at MRB Partners on Tuesday.

    “The main barriers are simply the absence of a unified banking or financial system across countries and the lack of political cohesion among the euro area member countries,” said Perkins.

    View article: Click Here

     

  • MRB on Money Morning – November 17, 2020

    Here’s the funny thing: Economists can’t really agree on why it’s happening. It’s been the “upside surprise” of this pandemic year. MRB Partners’ Prajakta Bhide said it best: “It’s very unusual in a recession and needs to be further examined.”

    The data Bhide shared seem to point to a boom that’s being driven by affluent buyers who’ve held onto their jobs during the pandemic wave of unemployment. The numbers point to big growth in the mid- to high-end housing tier, not so much in the “entry level” market, which hasn’t done as well.

    View article: Click Here

     

  • MRB on MPA – November 16, 2020

    Prajakta Bhide said this is “very, very unusual in a recession and needs to be further examined.” The US Economy strategist at MacroResearchBoard (MRB) Partners said that the centrality of housing to the wider US economy usually means that when housing does well, the whole US economy is doing well.

    View article: Click Here

     

  • MRB on CNBC – November 12, 2020

    Phillip Colmar, partner at MRB Partners, wrote in a note that the global economic recovery “will be sustained, but the V-shaped portion is over, and we have already transitioned to a slower pace of two-steps forward and one back.”

    View article: Click Here

     

  • MRB on ETF Trends – November 2, 2020

    “Massive policy stimulus, positive medical developments and high hopes for a return to pre-pandemic economic activity levels have provided a solid boost to equity markets,” strategists at MRB Partners wrote in a note. “However, mounting new economic restrictions, particularly in Europe, despite being forecastable and in lagged response to the re-acceleration in COVID-19 infections, only caught investors’ attention this week, triggering sharp losses.”

    View article: Click Here

     

  • MRB on CNBC – October 21, 2020

    “With no clear end to the pandemic in sight, the economy needs additional fiscal support that will last for several months,” Prajakta Bhide, a strategist at MRB Partners, said in a note. “The passing of a sizeable additional fiscal stimulus by the beginning of next year, and better control over the COVID-19 pandemic next year via the timely approval of a medical solution will be essential to ensure continued economic growth next year.”

    View article: Click Here

     

  • MRB on Xinhuanet – September 18, 2020

    In an increasingly multi-polar world economy, the primary strategic objective of any multinational corporation is to maintain a strong and competitive presence in each of the major economies like the United States, the EU, China and others in order to maintain market share, supply chains and regulatory approvals in each economic zone, said Nakhjavani.

    View article: Click Here

     

  • MRB on Xinhuanet – July 23, 2020

    Data in June “confirms that Chinese economic activity has recovered from its early-year swoon and is growing at, or slightly above, its trend growth rate,” said Nakhjavani, adding that pockets of weakness linger in exports and some elements of consumer spending.

    View article: Click Here

     

  • MRB on Xinhuanet – July 16, 2020

    Mehran Nakhjavani, emerging markets strategist at research firm MRB Partners, told Xinhua that China’s economic readings for May and June have recovered, and “we see this pace continuing in the second half of the year.”

    View article: Click Here

     

  • MRB on WP – July 7, 2020

    The report “Canada on thin ice as it heats up” by Macro Research Board (MRB) Partners paints a bleak picture. It says that Canada has followed global trends in falling into a ‘sudden stop’ recession with high unemployment and a plunge in activity. It says that Canada is more exposed than most economies, however, because of “an unstable real estate bubble and household credit binge.” MRB’s founding partner Phillip Colmar told WP that Canada is due for a deleveraging cycle after years of a consumer credit ‘binge’ with widespread ramifications for Canadian equity markets and Canadian investors.

    View article: Click Here

     

  • MRB on Mortgage Brokernews.ca – July 5, 2020

    The report “Canada on thin ice as it heats up” by Macro Research Board (MRB) partners paints a bleak picture. The report says that Canada has followed global trends in falling into a ‘sudden stop’ recession with high unemployment and a plunge in activity. It says that Canada is more exposed than most economies, however, because of “an unstable real estate bubble and household credit binge.” It says policymakers are putting off the day of reckoning but have run out of ammunition and there is no guarantee they can prevent a housing bust. The report says such a correction will have long-term positive effects in creating more caution among Canadian consumers, the short to medium term will be a rocky road to recovery.

    View article: Click Here

     

  • MRB on CNBC – May 15, 2020

    “The Covid-19 pandemic has reinforced the essential role that technology plays for businesses and consumers and stoked expectations that the recession could see many of the largest growth companies become even more dominant,” Salvatore Ruscitti, U.S. equities strategist at MRB Partners, told CNBC earlier this week.

    View article: Click Here

     

  • MRB on International Business Times – May 5, 202

    Despite the strong stock performance in April, Phillip Colmar and Santiago Espinosa, strategists at MRB Partners, urged caution.

    “The sharp relief rally in equities has now moved ahead of underlying fundamentals, leaving room for near-term disappointments,” they wrote. “Many authorities are looking to reopen their economies but doing so safely and to near previous output levels will require a series of medical breakthroughs and widespread distribution of the treatment.”

    View article: Click Here

     

  • MRB on Unseen Opportunity – May 1, 2020

    Analysts have been waiting on a widespread treatment solution for weeks now. MRB Partners strategists Phillip Colmar and Santiago Espinosa, prior to the announcement, suggested that a medical breakthrough is necessary if the U.S. economy is to fully re-open.

    “The sharp relief rally in equities has now moved ahead of underlying fundamentals, leaving room for near-term disappointments,” the strategists said in a note to clients.

    “Many authorities are looking to reopen their economies but doing so safely and to near previous output levels will require a series of medical breakthroughs and widespread distribution of the treatment.”

    View article: Click Here

     

  • MRB on CNBC – April 30, 2020

    Phillip Colmar and Santiago Espinosa, strategists at MRB Partners, urged investors to remain cautious.

    “The sharp relief rally in equities has now moved ahead of underlying fundamentals, leaving room for near-term disappointments,” they said in a note to clients. “Many authorities are looking to reopen their economies but doing so safely and to near previous output levels will require a series of medical breakthroughs and widespread distribution of the treatment.”

    View article: Click Here

     

  • MRB on IndraStra – April 26, 2020

    The macroeconomic research firm, MRB Partners, expressed confidence that economic growth in China will begin recovering in the second half of the year and continue through next year, albeit at below prior expected rates. Further, MRB Partners believes China’s recovery will have positive spillovers for the Asian region since it is the largest trading partner of most economies in Asia.

    View article: Click Here

     

  • MRB on China.org.cn – April 12, 2020

    Sectors of the Chinese economy will remain significantly constrained for some time, notably those where people congregate in close proximity, said Perkins.

    View article: Click Here

     

  • MRB on Unseen Opportunity – March 30, 2020

    “Equity markets are overextended, but face a bumpy period of even grimmer virus news and poor economic statistics in the next 1-2 months,” MRB Partners strategists wrote in a note.

    “The world is now entering a third phase, the first being the shock of an out-of-control virus spreading around the globe, then the massive policy response, and now the economic fallout phase has arrived and will test investors’ very fragile confidence.”

    View article: Click Here

     

  • MRB on International Business Times – March 30, 2020

    “Equity markets are overextended, but face a bumpy period of even grimmer virus news and poor economic statistics in the next 1-2 months,” wrote strategists at MRB Partners. “The world is now entering a third phase, the first being the shock of an out-of-control virus spreading around the globe, then the massive policy response, and now the economic fallout phase has arrived and will test investors’ very fragile confidence.”

    View article: Click Here

     

  • MRB on Micky – March 30, 2020

    MRB Partners mentioned in a note that the equity markets are overextended and they are expecting a period of more virus-related news and poor economic statistics in the next 1-2 months. They also added in their note:

    “The world is now entering a third phase, the first being the shock of an out-of-control virus spreading around the globe, then the massive policy response, and now the economic fallout phase has arrived and will test investors’ very fragile confidence.”

    View article: Click Here

     

  • MRB on CNBC – March 29, 2020

    “Equity markets are overextended, but face a bumpy period of even grimmer virus news and poor economic statistics in the next 1-2 months,” strategists at MRB Partners wrote in a note. “The world is now entering a third phase, the first being the shock of an out-of-control virus spreading around the globe, then the massive policy response, and now the economic fallout phase has arrived and will test investors’ very fragile confidence.”

    View article: Click Here

     

  • MRB on CNBC – March 23, 2020

    “Suffice to say that the economy entered a unique, sudden-stop recession in March,” wrote Prajakta Bhide, strategist at MRB Partners. “If there is no concrete evidence of meaningful progress toward controlling the epidemic in the next eight weeks, there will be no basis for people and businesses to feel safe to begin to normalize economic activity.”

    View article: Click Here

     

  • MRB on China.org.cn – March 22, 2020

    “After recommending being short equities, we are now looking for a near-term bounce and reduction in implied volatility in the coming days,” said Colmar.

    View article: Click Here

     

  • MRB on Ecns – March 11, 202

    Investors cannot fully assess the situation of COVID-19 infections in the United States as the cases are underreported due in part to the lack of testing, and that credible solutions are absent, Phillip Colmar, managing partner on global strategy with MRB Partners, told Xinhua.

    “We’re gonna see a lot more volatility in the markets,” he said.

    View article: Click Here

     

  • MRB on CFA Boston Conference – March 10, 2020

    I would like to thank Peter Perkins, a founding partner of MRB – The Macro Research Board, for being such a maestro. I enjoyed hosting Peter at an event titled “US 2020 Elections: A Lot is at Stake for Markets” at CFA Society Boston earlier in March. Among other interesting topics, Peter discussed the manufacturing sector as a leading indicator of the US presidential elections, opinion polls that are likelier to predict winners, industrial sectors that would benefit from the Democrat or Republican victories, and policies that the winning party or parties are likely to pursue.

    View post: Click Here

     

  • MRB on Xinhuanet – March 10, 2020

    Phillip Colmar, managing partner on global strategy with MRB Partners, speaks in an interview with Xinhua in New York City, the United States, March 6, 2020.(Xinhua/Wei Ying)

    Investors cannot fully assess the situation of COVID-19 infections in the United States as the cases are underreported due in part to the lack of testing, and that credible solutions are absent, Phillip Colmar, managing partner on global strategy with MRB Partners, told Xinhua.

    “We’re gonna see a lot more volatility in the markets,” he said.

    View article: Click Here

     

  • MRB on WP – March 10, 2020

    Phillip Colmar, global macro strategist and managing partner at research firm MRB Partners, told WP that though a global recession driven by the coronavirus outbreak is “a non-trivial risk,” it’s not in the firm’s base case. He thinks that allegories to the 2008 financial crisis are largely misplaced. Colmar shared the equities he thinks will win out in this market, as well as the moves policymakers can make to re-start equity growth.

    “I know the bond markets coming off that kind of fear are priced for a deep recession, a deflationary shock,” Colmar told WP. “But I just can’t come up with the numbers that make that make sense.”

    View article: Click Here

     

  • MRB on Xinhuanet – March 8, 2020

    EW YORK, March 7 (Xinhua) — The outbreak of novel coronavirus is going to cause “a lot more volatility” in the U.S. financial markets in the coming days, said a senior strategist with macroeconomic research body MRB Partners on Friday.

    Investors could not fully assess the impact of COVID-19 on the United States as infections have been underreported due to a lack of testing and the health care sector has not provided credible solutions, said Phillip Colmar, managing partner on global strategy with MRB Partners.

    View article: Click Here