2023 Asset Allocation Outlook: Better Valuations, But Another Tough Year – December 2, 2022


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2023 Asset Allocation Outlook: Better Valuations, But Another Tough Year – December 2, 2022
 · Asset Allocation · 

The key drivers of global capital markets in the first-half of the year ahead will be slow/slowing economic growth…



 

Weekly Macro Strategy – A Soggy U.S. Dollar Helps – November 18, 2022
 · Weekly Macro Strategy · 

The risk-on phase should persist in the near run, with the caveat being that government bond markets stay calm;



 

MRB TradeBook – Update On Risk-On Positioning – November 18, 2022
Absolute Return · 

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Commodities – Buckle Your Seatbelts: The Oil Market Is Re-entering Another Period of Instability – November18, 2022
Commodities · Emerging Markets · 

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Long-Term Returns – Setting Realistic Expectations – November 17, 2022
 · Asset Allocation · Equities · 

The long-term outlook for a balanced portfolio has improved following this year’s price declines…



 

Absolute Return Strategy – Playing The Interest Rate Dominoes – November 10, 2022
Absolute Return ·  · 

Today’s MRB Absolute Return Strategy revisits our theme of toppling dominoes in response to interest rate normalization and provides a series of investment strategy recommendations.



 

Webcast – Possible Year-End Rally, But No Turn In The Investment Cycle – (11min:31sec) – November 9, 2022
Webcasts, Webinars & Roundtables · 

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 – Late Cycle Dynamics – November 4, 2022
 · Asset Allocation · 

The Fed wrong-footed investors this week, with Chair Powell’s hawkish press conference comments overwhelming the more moderate policy statement.



 

China – No Imminent Reprieve – November 3, 2022
 · Emerging Markets · 

Betting on an imminent relaxation of the COVID-zero policy may seem rational, given the latter’s economic costs and dubious public health benefit.



 

Absolute Return Strategy – What Could Go Right? – October 19, 2022
Absolute Return ·  · 

This has been a tough year for multi-asset portfolios as all developed market central banks scrambled to adjust from being deeply wrongfooted by the global surge in inflation.



 

Theme – What Could Go Right? – October 19, 2022
 · Themes · 

 Add to Favorite ReportsThis has been a tough year for multi-asset portfolios as all developed market central… Continue



 

Webcast – Markets On Edge – (10min:10sec) – October 12, 2022
Webcasts, Webinars & Roundtables · 

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 positioning.



 

Asset Allocation Strategy – Temporary Reprieve – October 7, 2022
 · Asset Allocation · 

Capital markets are in payback mode after the huge prices gains in 2020-2021 as the earlier liquidity boom unwinds.



 

China – Baby Steps To Evolving COVID-Zero – October 6, 2022
 · Emerging Markets · 

It may still only be a baby step, and by global standards it is a barely perceptible one.



 

Weekly Macro Strategy – Beware Submerging Economies – September 30, 2022
 · Weekly Macro Strategy · 

The heavily-indebted U.K. economy is one of the global weak links, and is now extremely vulnerable to higher borrowing costs.



 

Commodities – Oil Prices: From Shocks To Cyclical Analysis – September 30, 2022
Commodities · 

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Regional Equities – Bond Risks And Regional Positioning – September 29, 2022
 · Equities · 

Equities will continue to face headwinds in the near term, with economic growth slowing even as central banks are determined to push interest rates into restrictive territory.



 

Absolute Return Strategy – Higher Interest Rates Curb Risk Taking – September 23, 2022
Absolute Return · 

 Add to Favorite Reports Risk assets are facing renewed selling pressure and will continue to do so… Continue



 

Asset Allocation Strategy – Lots Of Risks, Limited Rewards – September 9, 2022
 · Asset Allocation · 

The investment climate is likely to remain highly challenging over the balance of this year.



 

China – Pragmatic Policy In Hibernation – September 8, 2022
 · Emerging Markets · 

Deng Xiaoping, China’s paramount leader from 1978 until 1992, famously said “no matter if it is a white cat or a black cat, so long as it can catch mice, it is a good cat”



 

Weekly Macro Strategy – Between A Rock And A Hard Place – September 2, 2022
 · Weekly Macro Strategy · 

The Fed will have room to pause its rate-hiking cycle by yearend, as U.S. headline inflation will steadily decelerate and the central bank will eventually want to see how its policy has impacted the economy.



 

Webcast – Recession Vs Growth Scare: How To Position – (11min:05sec) – August 30, 2022
Webcasts, Webinars & Roundtables · 

Recession has become an ugly word among investors since these events are typically associated with a deep fallout in global equity prices



 

Absolute Return Strategy – When To Use The Recession Playbook – August 24, 2022
Absolute Return ·  · 

There is currently no shortage of issues for investors to worry about, as the monetary authorities feel pressure to normalize policy



 

Theme – When To Use The Recession Playbook – August 24, 2022
 · Themes · 

There is currently no shortage of issues for investors to worry about, as the monetary authorities feel pressure to normalize policy



 

Weekly Macro Strategy – Risk-On For Now, But Only If Bonds Stay Calm – August 19, 2022
 · Weekly Macro Strategy · 

A cooling in inflation after the spike in the past year will prolong the pause phase in government bond markets. This, in turn, will support equities and credit in the coming months.



 

Weekly Macro Strategy – Payback Versus Catching Up – August 12, 2022
 · Weekly Macro Strategy · 

As expected, U.S. inflation has rolled over and will decelerate in the coming months, which will boost the prospects for extending the global economic expansion.



 

Webcast – Why The Consensus Is Repeatedly Wrongfooted – (13min:54sec) – August 10, 2022
Webcasts, Webinars & Roundtables · 

In this week’s Webcast Phillip Colmar addresses a core difference in what is a fundamental building block between MRB’s view and the consensus.



 

Webcast – How Much Help Will Economic Stabilizers Provide? – (11min:53sec) – August 9, 2022
Webcasts, Webinars & Roundtables · 

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



 

Asset Allocation Strategy – Self-Correcting Supports Kicking In – August 5, 2022
 · Asset Allocation · 

The global economy faces several challenges, but we reiterate that an economic recession is neither imminent nor inevitable, although growth will likely slow further in the near term.



 

China – COVID-Zero Implies Continuing Economic Pain – August 4, 2022
 · Emerging Markets · 

Prospects for a strong reopening recovery in China are evaporating in the face of the authorities’ obstinate attachment to a COVID-zero policy