MacroResearchBoard
| Independent Investment Strategy
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asset-allocation
Weekly Macro Strategy – Betwixt And Between – June 30, 2023
· Weekly Macro Strategy ·
The crosscurrents of resilient global economic activity yet easing DM headline inflation imply trading ranges in most asset markets…
Weekly Macro Strategy – Not Following The Script – June 23, 2023
· Weekly Macro Strategy ·
The global economic backdrop, particularly the strength in hiring intentions in the major economies…
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.
Weekly Macro Strategy – Skip The Pause – June 9, 2023
· Weekly Macro Strategy ·
The calming in bond markets since late-2022 and expectations of lower DM central bank policy rates down the road are starting to unravel in view of this week’s actions by the RBA and BoC.
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.
Weekly Macro Strategy – Boom Or Bust, Or Both? – May 26, 2023
Weekly Macro Strategy ·
We continue to bet against a global recession, and do not expect DM policy rate cuts later this year.
Weekly Macro Strategy – It Isn’t Over – May 19, 2023
· Weekly Macro Strategy ·
The choppy tactical risk-on phase should persist over the summer.
Webcast – Focused On Selective Opportunities – (11min:46sec) – May 10, 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 – Coping With Crosscurrents – May 5, 2023
· Asset Allocation ·
The investment outlook is complicated by fundamental crosscurrents. U.S. recession fears linger, but hard data are consistent with a resilient rather than faltering economy.
Weekly Macro Strategy – Recession Angst Persists, But Is Still Premature – April 28, 2023
· Weekly Macro Strategy ·
We remain positioned for risk-on from a tactical perspective. However, the rate-hiking cycle is not on the verge of reversing, in sharp contrast with forward rate expectations.
Webinar – Investing In EM: China? India? Or Neither? – (59min:17sec) – April 26, 2023
Webcasts & Webinars ·
Today’s MRB Webinar featured Mehran Nakhjavani and Amr Abdel Khalek discussing the outlook for EM investing.
Weekly Macro Strategy – U.S. Economic Prospects Dim, While The Euro Area And China Improve – April 21, 2023
· Weekly Macro Strategy ·
The calming in government bond markets will allow the choppy risk-on phase to grind ahead.
Absolute Return Strategy – Extending A Late-Cycle Expansion – April 18, 2023
Absolute Return · ·
Central banks are pausing from their rate-hiking cycles well before sending their economies into recession, providing a reprieve and helping to extend the expansion.
Weekly Macro Strategy – Another Reprieve – April 14, 2023
· Weekly Macro Strategy ·
Last month’s mini-panic is unwinding, to the benefit of risk assets.
Webcast – Rate-Cut Optimism Is Excessive – (10min:58sec) – April 12, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses the key drivers of capital markets in the year ahead and MRB’s recommended asset allocation.
Asset Allocation Strategy – Don’t Count On A Friendly Fed – April 6, 2023
· Asset Allocation ·
Global equities, G7 government bonds, global corporate bonds and even cryptocurrencies have posted healthy gains over the past month, despite the banking sector panic that erupted beginning with the closing of Silicon Valley Bank on March 9.
Regional Equities – Late-Cycle Positioning – March 30, 2023
· Equities ·
Equity prices have been under pressure in recent weeks, but we expect the banking sector stresses to soon die down and for the global economic expansion to continue at a moderate pace.
Weekly Macro Strategy – More Bumps On The Road To The Finish Line – March 24, 2023
· Weekly Macro Strategy ·
Fragile sentiment relating to banks may linger for a while longer, but DM regulators will ultimately do whatever it takes to restore confidence in their banking systems…
Weekly Macro Strategy – A Widening Gap: Deleveraged Versus Weak Link Economies – March 10, 2023
· Weekly Macro Strategy ·
The risk-on phase seems likely to persist for as long as DM long-term bond markets are relatively calm, because recently only the short-end of the curve has reacted to rising policy rate expectations.
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.
Asset Allocation Strategy – Bonds Hold The Whip Hand – March 3, 2023
· Asset Allocation ·
The global economy may be firming, but good economic news is now bad news for bonds, and in turn, risk assets.
Weekly Macro Strategy – Service Sectors Gain Momentum, Bond Yields Are Next – February 24, 2023
· Weekly Macro Strategy ·
The global economic outlook has brightened: service sector activity is strengthening, especially in the euro area and Asia.
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.
Weekly Macro Strategy – Markets Are Still Betting On 2% Inflation – February 17, 2023
· Weekly Macro Strategy ·
The tactical risk-on phase should persist until DM government bond yields break out on the upside.
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…
Weekly Macro Strategy – Does The Fed Really, Really Mean It? – February 10, 2023
· Weekly Macro Strategy ·
Global growth will improve, particularly in the euro area and Asia.
Webcast – Heed Cyclical Realities – (11min:53sec) – February 7, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses the investment outlook and MRB’s asset allocation recommendations for the next 6-12 months.
Asset Allocation Strategy – Risk-On, But It’s Late, Not Early Cycle – February 3, 2023
· Asset Allocation ·
From 30,000 feet the investment landscape appears appealing.