Asset Allocation Strategy – The Coming Test Of Corporate Earnings – October 2, 2020


asset-allocation

 

Asset Allocation Strategy – The Coming Test Of Corporate Earnings – October 2, 2020
 · Asset Allocation · 

The developing economic recovery favors equities over bonds on a multi-year basis, but the global S/B ratio has run ahead of fundamentals and is vulnerable to negative surprises.



 

Webcast – Markets Now Testing Optimistic Expectations – (10min:59sec) – September 9, 2020
Webcasts · 

In this week’s webcast, Peter Perkins discusses the investment outlook and MRB’s recommended asset allocation strategy and positioning for the next 6-12 months.



 

Asset Allocation Strategy – A Now Formally Asymmetric, Pro-Growth Fed – September 4, 2020
 · Asset Allocation · 

Economic recoveries are inherently beneficial for pro-growth assets, especially given open-ended monetary accommodation.



 

Weekly Macro Strategy – Dollar Doldrums – August 21, 2020
 · Weekly Macro Strategy · 

Equities are at near-run risk as they have front-run a positive economic outcome. Regional rebounds in COVID-19 infections remain both a source of economic drag and ongoing uncertainty about the future.



 

Theme – Stylized Investment Cycle: Did Policymakers Avoid A Final Flush? – August 20, 2020
 · Themes · 

MRB Stylized Investment Cycle has been one of our most popular thematic frameworks as it provides a starting point when building a multi-year roadmap, and helps investors look for major inflection points.



 

Asset Allocation Strategy – Tread Carefully, And Tactically – August 7, 2020
 · Asset Allocation · 

Momentum, sentiment and policy can be crucial drivers of capital markets over a 3-6 month horizon, but ultimately fundamentals determine asset performance.



 

Webcast – Is The U.S. Set To Lose Equity & Currency Leadership? – (11min:55sec) – July 30, 2020
Webcasts · 

In this week’s Webcast, Phillip Colmar explores the potential for a broad-based rotation in relative performance away from U.S. leadership, and provides several investment strategy recommendations.



 

Absolute Return Strategy – Do U.S. Assets Justify Their Premium? – July 28, 2020
Absolute Return ·  · 

Today’s report explores the potential for a broad-based rotation in relative performance away from U.S. equity and currency leadership.



 

Theme – Do U.S. Assets Justify Their Premium? – July 28, 2020
 · Themes · 

Today’s report explores the potential for a broad-based rotation in relative performance away from U.S. equity and currency leadership.



 

Webcast – COVID-19 Lingers As A Recovery Headwind – (8min:32sec) – July 8, 2020
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins discusses the investment outlook and MRB’s recommended multi-asset positioning for the next 6-12 months.



 

Asset Allocation Strategy – Step Function Recovery Process – July 2, 2020
 · Asset Allocation · 

The resurgence of COVID-19 cases in the U.S. is a reminder that the global economic recovery process is likely to be choppy, uneven and more drawn out than many expect.



 

Weekly Macro Strategy – Reality Test – June 12, 2020
 · Weekly Macro Strategy · 

Global economic activity will remain below pre-COVID-19 levels for a long time. Thus, recent equity market optimism is at odds with the corporate profit outlook; stocks face a bumpy period in the coming months before renewed gains develop.



 

Webcast – Taking Selective Bets – (9min:52sec) – June 10, 2020
Webcasts · 

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



 

Asset Allocation Strategy – Keep A Hold Of The Reins – June 5, 2020
 · Asset Allocation · 

The recent strong rebound in risk assets and the global stock /bond ratio is likely to taper in the months ahead against a backdrop of a hesitant economic recovery and lingering health and political uncertainty.



 

Webcast – Top 5 Client Requests Of The Month – (10min:37sec) – May 13, 2020
Webcasts · 

In this week’s Webcast, Warren Smith and Santiago Espinosa discuss the top five queries from clients in the past month.



 

Theme – Mania Profiling (Part VI): What Assets Will Be Next? – May 12, 2020
 · Themes · 

This report concludes our series on profiling asset manias. We began this series in late-2019 by outlining MRB’s framework for asset bubbles and compared the current macro backdrop with factors that have traditionally led to manic episodes.



 

Asset Allocation Strategy – Don’t Ignore Reopening Risks – May 1, 2020
 · Asset Allocation · 

Trends in COVID-19 growth rates and key economic indicators, combined with aggressive policy support, augur positively for risk assets and the global S/B ratio, but much of the good news is already discounted.



 

Webcast – Necessary But Not Yet Sufficient – (11min:29sec) – April 8, 2020
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins assesses COVID-19 trends and the potential economic impacts, and looks at key drivers of equities and credit for overall investment strategy and asset allocation.



 

Asset Allocation Strategy – Follow The Policy Lead – April 3, 2020
 · Asset Allocation · 

Policymakers are “all in” in attempting to overcome the health crisis and its economic consequences.



 

Theme Report – Fallout From COVID-19: Most Asked Questions – March 12, 2020
Absolute Return ·  · Themes · 

The rapid spread of COVID-19 across the globe has dramatically heightened investor uncertainty and rocked global financial markets.



 

Asset Allocation Strategy – It Is Still A Recession Call – March 6, 2020
 · Asset Allocation · 

Investors should expect a bumpy path in the near term as COVID-19 spreads more deeply into the U.S. and Europe.



 

Webcast – Top 5 Client Requests Of The Month (19min:00sec) – February 26, 2020
Webcasts · 

. In this week’s Webcast, Warren Smith and Santiago Espinosa discuss the top five queries from clients in the past month, including the virus.



 

Webcast – Another Test Of The Investment Cycle (9min:04sec) – February 5, 2020
Webcasts · 

In this week’s Webcast, Peter Perkins discusses the outlook for capital markets in the coming 6-12 months and appropriate positioning in light of underlying fundamentals and the uncertain impact of the coronavirus.



 

Asset Allocation Strategy – An Early-2020 Reality Check – January 31, 2020
 · Asset Allocation · 

The escalation of the coronavirus has put paid to complacency, at least for now.



 

Webcast – Geopolitically-Driven Digestion Phase (8min:20sec) – January 8, 2020
Webcasts · 

In this week’s Webcast, Peter Perkins assesses the outlook for capital markets in 2020, including the implications of the latest geopolitical crisis on investment strategy.



 

Asset Allocation Strategy – Extrapolation Risk – January 7, 2020
 · Asset Allocation · 

Prior to the past week’s geopolitical stress, markets were increasingly vulnerable to extrapolation risk and excessive optimism about the economic outlook for the coming year.



 

Webcast – Exuberance Is Premature (10min:45sec) – December 11, 2019
Webcasts · 

In this week’s Webcast, Peter Perkins discusses three key issues for investment strategy and asset allocation for the next 6-12 months.



 

Webcast – Middling Growth Outlook Should Temper Optimism (10min:18sec) – November 6, 2019
Webcasts · 

In this week’s Webcast, Peter Perkins discusses the outlook for global capital markets and appropriate investment strategy, following the release of the latest MRB Asset Allocation Strategy report.



 

Asset Allocation Strategy – No Recession, But Not Much Growth Ahead – November 1, 2019
 · Asset Allocation · 

We expect the economic expansion to continue, but there is little basis for concluding a robust rebound in activity and profits looms over the next year that would justify a decidedly pro-growth investment posture.



 

Long-Term Returns – Stocks, Not Bonds, For The Long Run – October 24, 2019
 · Asset Allocation · 

Returns from balanced portfolios over the next decade will be middling by historical standards.