Webcast – Why The Premium For Spot Delivery In An Oversupplied Oil Market?- (4min:52sec) – January 19, 2021


commodities

 

Webcast – Why The Premium For Spot Delivery In An Oversupplied Oil Market?- (4min:52sec) – January 19, 2021
Webcasts · 

In today’s Webcast Mehran Nakhjavani tackles the curious recent emergence of backwardation in the forward curves for crude oil.



 

Weekly Macro Strategy – Extrapolating Can Be Dangerous – January 15, 2021
 · Weekly Macro Strategy · 

The recent stall in U.S. employment trends underscores the need for rapid vaccinations to clear the path to a self-reinforcing global economic expansion.



 

Webcast – Froth And Fundamentals – (10min:36sec) – January 13, 2021
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins discusses the outlook for capital markets and highlights MRB’s current recommended positioning for multi-asset portfolios.



 

Absolute Return Strategy – Selectivity After The Runup – January 12, 2021
Absolute Return · 

This report focuses on positioning around the potential for some near-term turbulence in global equity markets following the recent sharp upleg.



 

Asset Allocation Strategy – The Inevitable Test Of Investor Nerves – January 8, 2021
 · Asset Allocation · 

Risk assets are already discounting a very favorable multi-year macro outlook and are expensive based on historical metrics.



 

Absolute Return Strategy – Positioning For 2021 – December 16, 2020
Absolute Return ·  · 

The COVID-19 pandemic took global policy and the economy hostage in 2020.



 

Webcast – 2021 Commodities Outlook: Demand Improves, What About Supply? – (8min:41sec) – December 16, 2020
Webcasts · 

In today’s Webcast Mehran Nakhjavani discusses the growth of the global economy in 2021 will be far better than it was in 2020.



 

Weekly Macro Strategy – A High-Wire Act – December 11, 2020
 · Weekly Macro Strategy · 

We remain mildly pro-growth in terms of our investment strategy, favoring a gradual rotation in holdings out of the U.S. (currency and equities).



 

Commodities – Industrial Metals: More Upside, But Barely Worth Chasing – December 11, 2020
Commodities · 

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Webcast – Outlook 2021: Guarding Against Exuberance – (12min:27sec) – December 10, 2020
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins discusses the 2021 outlook for multi-asset investing and appropriate positioning.



 

Asset Allocation Strategy – Outlook 2021: Rotation Or Bust – December 4, 2020
 · Asset Allocation · 

Speculative fever has taken hold, with equities, credit, industrial metals prices and cryptocurrencies surging in the past month on optimism about the economic outlook following positive news on COVID-19 vaccines.



 

Webcast – Top 5 Client Requests Of The Month – (12min:59sec) – December 1, 2020
Webcasts · 

MRB assists clients with on-demand questions which cover a wide range of issues and asset markets.



 

Weekly Macro Strategy – Getting Overheated – November 27, 2020
 · Weekly Macro Strategy · 

The global economy is not yet in a synchronized and durable expansion.



 

Commodities – Oil Demand Is Recovering, But The Massive Supply Overhang Will Persist – November 27, 2020
Commodities · 

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Webinar – The Great Equity & Currency Rotation – (89min:16sec) – November 18, 2020
Webcasts · 

In this week’s special MRB Webinar, Phillip Colmar and Mehran Nakhjavani address the question of asset rotation and answer questions from clients.



 

Asset Allocation Strategy – A Choppy Path To A Synchronized Economic Recovery – November 6, 2020
 · Asset Allocation · 

Markets have celebrated the mixed outcome of the U.S. election, but global growth momentum is set to wane in the near term as COVID-19 cases escalate in Europe and the U.S.



 

Long-Term Returns – Lower-For-Longer Real Portfolio Returns – October 29, 2020
Absolute Return ·  · Asset Allocation · 

The cyclical economic outlook has brightened since the Spring as the depressing effects of COVID-19 diminish, but the long-run return prospects for multi-asset portfolios remain challenging.



 

Gold – Does The Gold Rally Still Have Legs? – October 28, 2020
 · Asset Class Reports · Commodities · 

Gold prices have recently been digesting their gains after this year’s substantial runup. While the macro backdrop remains generally constructive, the precious metal is still overbought and overvalued.



 

Weekly Macro Strategy – Will Equity Markets Stay Resilient? – October 16, 2020
 · Weekly Macro Strategy · 

The recent acceleration in COVID-19 infection rates is slowing the global economic rebound.



 

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.



 

Weekly Macro Strategy – Still A Stop-Start World – September 25, 2020
 · Weekly Macro Strategy · 

The setback to the global economic recovery, primarily in the service sector, was to be expected, and somewhat frothy equity market sentiment is now deflating.



 

Weekly Macro Strategy – Rotation Update – September 18, 2020
 · Weekly Macro Strategy · 

We remain short-term cautious on equities (and industrial commodities) because the economic recovery is proving underwhelming in many countries and there are a number of potential risks ahead.



 

Weekly Macro Strategy – A Small Crack, So Far – September 11, 2020
 · Weekly Macro Strategy · 

We remain cautious on the near-run outlook, as the recovery in the global economy will have difficulty matching the elevated expectations discounted by equities and industrial commodities.



 

Absolute Return Strategy – The Opportunities Are In The Laggards – September 10, 2020
Absolute Return ·  · 

It has been a bumpy ride for investors over the past week as equities abruptly pulled back from overbought levels, before catching a bid yesterday.



 

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.



 

Absolute Return Strategy – Equity Leaders Vs Everything Else – September 3, 2020
Absolute Return ·  · 

Market leaders typically have a material influence on overall equity performance, but it has been dramatic this year.



 

Weekly Macro Strategy – A Volatile Period Ahead – August 28, 2020
 · Weekly Macro Strategy · 

This month’s softening in U.S. consumer confidence is worrisome, and underscores that a self-reinforcing economic recovery is not yet assured. The same is generally true around the globe.



 

Commodidites – The Return Of Oil’s Unhappy Equilibrium – August 28, 2020
Commodities · 

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Weekly Macro Strategy – Downplaying The Risks – August 14, 2020
 · Weekly Macro Strategy · 

Equity investors are now implicitly betting on a rapid and smooth rebound in corporate earnings.