MacroResearchBoard

absolute-returns

Webcast – The Bond Bear Market Is Intact – (10min:53sec) – September 12, 2023
Webcasts & Webinars · 

In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets over the next 6-12 months and MRB’s recommended asset allocation.

Asset Allocation Strategy – Don’t Yield To Bond Temptation – September 8, 2023
 · Asset Allocation · 

Many investors are tempted to buy bonds on the prospect of the Fed et al nearing the end of the monetary tightening cycle and cutting interest rates down the road.

MRB TradeBook – Long U.S. Hotels, Restaurants & Leisure Stocks Vs Broad Market – September 8, 2023
Absolute Return · 

 Add to Favorite Reports This position has corrected as of late, forcing us to book a 10%… Continue

Weekly Macro Strategy – Approaching Some Important Inflection Points – August 18, 2023
 · Weekly Macro Strategy · 

The risk-on phase since October will end if DM government bond yields decisively break out to new cyclical highs.

MRB TradeBook – Long Euro Area Financials Versus Its Benchmark – August 18, 2023
Absolute Return ·  · 

 Add to Favorite Reports

Weekly Macro Strategy – From Re-Rating Back To De-Rating? – August 11, 2023
 · Weekly Macro Strategy · 

The rebound in U.S. layoffs has completely reversed, underscoring that the economic expansion will roll on, and sustain the historically very tight labor market.

MRB TradeBook – Tightening Stops On Long Oil And Go Long Natural Gas – August 11, 2023
Absolute Return ·  · 

 Add to Favorite Reports

Theme – Mania Profiling: Framework & Outlook – July 26, 2023
 · Themes · 

This MRB Theme Report outlines MRB’s framework for asset manias or bubbles and compares the current macro backdrop with factors that have traditionally led to manic episodes.

Global Equities: Identifying Opportunities Among Major Non-U.S. Markets – July 25, 2023
 · Equities · 

With all eyes recently on U.S. stocks, it is easy to miss important trends among the major non-U.S. markets.

Theme – Artificial Intelligence: Less Than Meets The Eye For Equities – July 18, 2023
 · Themes · 

We are optimistic that A.I. can boost U.S. economic growth and productivity, although we caution that any estimate of the magnitude embodies considerable guesswork…

Webcast – On Bond Watch – (11min:36sec) – July 11, 2023
Webcasts & Webinars · 

In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets and MRB’s recommended asset allocation for the next 6-12 months.

Asset Allocation Strategy – The Implausible Trinity – July 7, 2023
 · Asset Allocation · 

Until this week, investors had been in an upbeat mood about the capital markets outlook, betting on an “implausible trinity”

Absolute Return Strategy – Risk-On Until Bond Yields Breakout – July 6, 2023
Absolute Return ·  · 

Central banks and investors have begun capitulating closer to our view that the cost of capital has not yet reached destabilizing levels.

Weekly Macro Strategy – The Punch Bowl Is Still In Place – June 16, 2023
 · Weekly Macro Strategy · 

Capital market conditions are likely to remain benign in the near term, thereby supporting positive momentum in global equities and credit.

MRB TradeBook – Closing Two Aussie Positions – June 9, 2023
Absolute Return · 

 Add to Favorite ReportsThis week’s RBA hike has worked against two positions in the MRB TradeBook: long… Continue

Webcast – Long-Term Returns: An Uphill Battle – (12min:36sec) – June 6, 2023
Webcasts & Webinars · 

In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital market returns over the next decade and implication for structural allocations.

Asset Allocation Strategy – Mixed Signals = Overweight On Cash – June 2, 2023
Asset Allocation · 

Markets are providing decidedly mixed signals about the economic outlook, highlighting investor uncertainty.

Long-Term Returns – Prospective Returns: Prior Tailwinds Are Now Headwinds – May 30, 2023
Absolute Return ·  · Asset Allocation · 

Real returns on balanced portfolios of global equities and G7 government bonds will be lower over the next 10 years than in recent decades.

Absolute Return Strategy – Playing The Late Cycle: Leaning Against The Consensus Yet Again – May 18, 2023
Absolute Return ·  · 

The economic expansion has matured, and the investment cycle is now late.

MRB TradeBook – Positioning Changes – May 5, 2023
Absolute Return · 

 Add to Favorite Reports

MRB TradeBook – Taking Profits On Short Oil – April 14, 2023
Absolute Return · 

 Add to Favorite ReportsThere is one change to the MRB TradeBook this week: CLOSED – Short Brent… Continue

MRB TradeBook – Two New Equity Positions And One Closed Pair Trade – April 6, 2023
Absolute Return · 

 Add to Favorite Reports

MRB TradeBook – Rapid Volatility Shift – March 24, 2023
Absolute Return · 

 Add to Favorite Reports Angst associated with the potential for a global banking crisis has diminished a… Continue

MRB TradeBook – Protecting Profits During A Mini-Panic – March 17, 2023
Absolute Return · 

 Add to Favorite Reports The euro area financial sector came under intense selling pressure this week which… Continue

Absolute Return Strategy – Interest Rate Normalization & Global Financial Stocks – March 15, 2023
Absolute Return ·  · 

There are still widespread recession concerns, entrenched optimism on much lower inflation, and investors are generally confused about where we are in the economic and investment cycle.

Webcast – Fed Whipsaw – (11min:07sec) – March 8, 2023
Webcasts & Webinars · 

In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets over the next 6-12 months and MRB’s recommended asset allocation.

Webcast – Equity Dilemma: Stronger Economy Vs Higher Bond Yields – (10min:05sec) – February 22, 2023
Webcasts & Webinars · 

In this Webcast Phillip Colmar focuses on the major macro forces driving equities and bonds and narrows in on the current outlook for investment strategy.

Equities – Global Trade Is Key To The Earnings Outlook – February 16, 2023
 · Equities · 

There remains considerable uncertainty about the economic outlook, but we have been and remain more constructive than the consensus…

Webcast – Profiting From Understanding The Cycle – (7min:42sec) – February 14, 2023
Webcasts & Webinars · 

In this Webcast Phillip Colmar focuses on the economic and investment cycles.

Absolute Return Strategy – Investors Misinterpret The Cycle Yet Again – February 10, 2023
Absolute Return ·  · 

Investors are now progressively capitulating to our more upbeat macro view, which has provided a boost for risk assets.