Webcast – The Bond Bear Market Is Intact – (10min:53sec) – September 12, 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.
Canada – Housing: Sliding Down The Slippery Slope Of Hope – September 8, 2023
· Economics & Policy · Equities · Fixed Income · Foreign Exchange ·
A massive Canadian housing bubble has been inflated in response to more than two decades of cheap money and lax lending standards.
Asset Allocation Strategy – Don’t Yield To Bond Temptation – September 8, 2023
· Asset Allocation ·
Many investors are tempted to buy bonds on the prospect of the Fed et al nearing the end of the monetary tightening cycle and cutting interest rates down the road.
China – Higher Equity Prices, Not Home Prices – September 7, 2023
· Emerging Markets ·
Policymakers have followed through on the guidance provided by July’s Politburo meeting with a raft of measures designed to improve investor sentiment and control the risks arising from the recession in the housing market.
Weekly Macro Strategy – Approaching Some Important Inflection Points – August 18, 2023
· Weekly Macro Strategy ·
The risk-on phase since October will end if DM government bond yields decisively break out to new cyclical highs.
Webcast – Hopes Dashed By Lack Of A China Property Bailout – (5min:45sec) – August 15, 2023
Webcasts & Webinars ·
In this week’s Webcast, Mehran Nakhjavani ran through some recent developments in China which have triggered a material market reaction.
Weekly Macro Strategy – From Re-Rating Back To De-Rating? – August 11, 2023
· Weekly Macro Strategy ·
The rebound in U.S. layoffs has completely reversed, underscoring that the economic expansion will roll on, and sustain the historically very tight labor market.
China – Capital Inflows Resume, Despite Bearish Narratives – August 10, 2023
· Emerging Markets ·
While some investors have started hyperventilating about the disappearance of “housing is for living in, not for speculating” mantra from the Politburo’s policy discourse…
Webcast – Gold Bulls: Beware Higher Real Bond Yields – (6min:41sec) – August 8, 2023
Webcasts & Webinars ·
In this week’s Webcast, foreign exchange strategist Santiago Espinosa discusses MRB’s outlook for gold prices in the next 6-12 months.
Asset Allocation Strategy – Bonds Threaten Goldilocks – August 4, 2023
· Asset Allocation ·
The market has embraced the Goldilocks scenario of sturdy global growth, declining inflation and central bank interest rate cuts beginning in 2024.
Commodities – Just Another Short-Lived Rally For Gold – July 26, 2023
· Commodities ·
Gold prices have rebounded modestly this month, and briefly neared the top end of their post-pandemic trading range…
Theme – Mania Profiling: Framework & Outlook – July 26, 2023
· Themes ·
This MRB Theme Report outlines MRB’s framework for asset manias or bubbles and compares the current macro backdrop with factors that have traditionally led to manic episodes.
MRB TradeBook – Long Energy And Japanese Financials – July 14, 2023
Absolute Return ·
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China – Undervalued And Unloved, But Undeniably Growing – July 13, 2023
· Emerging Markets ·
Second-quarter earnings results are about to start rolling in, with the large banks dominating the early phase of the reporting period.
Webcast – On Bond Watch – (11min:36sec) – July 11, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets and MRB’s recommended asset allocation for the next 6-12 months.
Asset Allocation Strategy – The Implausible Trinity – July 7, 2023
· Asset Allocation ·
Until this week, investors had been in an upbeat mood about the capital markets outlook, betting on an “implausible trinity”
Absolute Return Strategy – Risk-On Until Bond Yields Breakout – July 6, 2023
Absolute Return · ·
Central banks and investors have begun capitulating closer to our view that the cost of capital has not yet reached destabilizing levels.
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…
Webcast – China: Asset Prices Stall, The Economy Advances – (7min:40sec) – June 21, 2023
Webcasts & Webinars ·
Despite a fog of heavily negative sentiment surrounding Chinese assets, economic momentum is advancing steadily.
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.
Commodities – Oil Prices: What A Difference A Year Makes – June 9, 2023
· Commodities ·
Add to Favorite ReportsEarly in 2022, the world faced a bleak outlook for energy, as the war… Continue
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.
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.
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.
MRB TradeBook – Taking Profits On Short Oil – April 14, 2023
Absolute Return ·
Add to Favorite ReportsThere is one change to the MRB TradeBook this week: CLOSED – Short Brent… Continue
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.