Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021


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Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021
Weekly Macro Strategy · 

Global risk asset markets remain well supported by the economic and policy backdrop.



 

Weekly Macro Strategy – A Transitory Recovery? – July 23, 2021
 · Weekly Macro Strategy · 

Our investment stance remains mildly pro-growth on a 6-12 month horizon.



 

Weekly Macro Strategy – Too Much Stimulus Breeds Complacency – July 16, 2021
 · Weekly Macro Strategy · 

The recent easing in bond yields will keep risk asset markets well supported. Investors (and central banks) are looking through the current period of strong growth and higher inflation, but are likely to be surprised at the underlying resilience of both.



 

Weekly Macro Strategy – Be Careful Extrapolating Last Decade’s Trends – July 9, 2021
 · Weekly Macro Strategy · 

We remain mildly pro-growth in terms of investment positioning. However, using the 2010s’ playbook for investing this decade will not pan out well.



 

MRB TradeBook Update – July 9, 2021
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MRB TradeBook Update – July 2, 2021
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Webinar – Long-Term Returns: A Challenging Road Ahead – (78min:38sec) – June 30, 2021
Webcasts, Webinars & Roundtables · 

Today’s Webinar features MRB’s Global Asset Allocation Strategist, Peter Perkins, discussing MRB’s long term returns framework.



 

Weekly Macro Strategy – A (Brief) Taste Of Risk-Off – June 25, 2021
 · Weekly Macro Strategy · 

The recent pause in the cyclical uptrend in bond yields may persist for a while longer, but time is not on the side of bond bulls.



 

MRB TradeBook Update – June 25, 2021
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Long-Term Returns – A Challenging Road Ahead – June 22, 2021
Absolute Return ·  · Asset Allocation · 

The poor starting point for equity, bond, credit, and commodity valuations points to subpar returns on balanced portfolios over the next decade, even as the global economy expands at a reasonable pace.



 

Weekly Macro Strategy – Strong Global Growth, But No Inflation? – June 18, 2021
 · Weekly Macro Strategy · 

The global economic recovery is accelerating. Although China’s growth rate has now moderated, the U.S. is likely to continue to boom and Europe is set to catch up.



 

Absolute Return Strategy – Six Best Inflation Bets – June 15, 2021
Absolute Return · 

The outlook for U.S. and global consumer price inflation has become a hotly debated topic in recent months and now central to investment strategy.



 

MRB TradeBook Update – June 4, 2021
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Weekly Macro Strategy – Its Only A Pause – May 28, 2021
 · Weekly Macro Strategy · 

The bear market in government bonds is on temporary hiatus.



 

MRB TradeBook Update – May 28, 2021
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MRB TradeBook Update – May 21, 2021
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Weekly Macro Strategy – From Virtuous To Vicious – May 14, 2021
 · Weekly Macro Strategy · 

The brightening economic outlook means that inflation pressures will steadily build and bond yields will move higher in waves.



 

MRB TradeBook Update – May 14, 2021
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Absolute Return Strategy – Risk Of Another 1987 Crash – May 10, 2021
Absolute Return ·  · 

The investment cycle is decisively ahead of the economic cycle, with many signs of frothy conditions, at a point when consumer price inflation is rising, bonds have entered a durable bear market and the U.S. dollar is vulnerable.



 

Theme – Risk Of Another 1987 Crash – May 10, 2021
Themes · 

 Add to Favorite Reports  The investment cycle is decisively ahead of the economic cycle, with many signs… Continue



 

MRB TradeBook Update – April 30, 2021
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Webcast – Key Portfolio Tilts For Outsized Returns – (8min:45sec) – April 28, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar outlines four longer-term global investment trends that will be key to generating outsized portfolio returns over the next several years.



 

Absolute Return Strategy – Playing Major Global Trends – April 22, 2021
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The global reflation trade has cooled of late, after becoming technically stretched in recent months.



 

Theme – Playing Major Global Trends – April 22, 2021
Themes · 

 Add to Favorite Reports  The global reflation trade has cooled of late, after becoming technically stretched in… Continue



 

Weekly Macro Strategy – Risk Assets Benefit As The Rise In Treasury Yields Pauses – April 9, 2021
 · Weekly Macro Strategy · 

Global growth is strengthening and broadening, helping to sustain rising earnings expectations.



 

MRB TradeBook Update – April 9, 2021
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Webcast – The Rebirth Of The Bond Vigilante – (10min:49sec) – March 17, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar discusses the recent sharp selloff in government bonds and the ramifications for investment strategy.



 

Absolute Return Strategy – Is Good News Now Bad? – March 4, 2021
Absolute Return ·  · 

One of the leading threats we identified for financial markets in 2021 is now occurring, namely that bond yields rise too fast.



 

MRB TradeBook Update – February 26, 2021
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Theme – MRB’s Overview Of Key Macro Themes (Part II) – February 18, 2021
 · Themes · 

This is Part II of an update of the big-picture themes that form the foundation for MRB’s longer-term investment strategy.