Weekly Macro Strategy – Be Careful Extrapolating Last Decade’s Trends – July 9, 2021


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Weekly Macro Strategy – Be Careful Extrapolating Last Decade’s Trends – July 9, 2021
 · Weekly Macro Strategy · 

We remain mildly pro-growth in terms of investment positioning. However, using the 2010s’ playbook for investing this decade will not pan out well.



 

Regional Equities – A Pause In The Pro-Cyclical Regional Rotation – July 8, 2021
 · Equities · 

The more cautious tone in equity markets in recent weeks should eventually give way to a return to pro-cyclical country and sector investor preferences in response to robust global growth.



 

China – Back To Normal – July 6, 2021
 · Emerging Markets · 

While investors in the U.S. suffer bouts of anxiety over the first mutterings of a possible thought that the Fed may consider setting a date for the start of policy normalization, Chinese policymakers have already barged through the gates along this path



 

Asset Allocation Strategy – Sustaining The Unsustainable – July 2, 2021
 · Asset Allocation · 

The basic narrative for capital markets remains generally positive for risk assets.



 

Webinar – Long-Term Returns: A Challenging Road Ahead – (78min:38sec) – June 30, 2021
Webcasts, Webinars & Roundtables · 

Today’s Webinar features MRB’s Global Asset Allocation Strategist, Peter Perkins, discussing MRB’s long term returns framework.



 

Weekly Macro Strategy – A (Brief) Taste Of Risk-Off – June 25, 2021
 · Weekly Macro Strategy · 

The recent pause in the cyclical uptrend in bond yields may persist for a while longer, but time is not on the side of bond bulls.



 

Long-Term Returns – A Challenging Road Ahead – June 22, 2021
Absolute Return ·  · Asset Allocation · 

The poor starting point for equity, bond, credit, and commodity valuations points to subpar returns on balanced portfolios over the next decade, even as the global economy expands at a reasonable pace.



 

Weekly Macro Strategy – Strong Global Growth, But No Inflation? – June 18, 2021
 · Weekly Macro Strategy · 

The global economic recovery is accelerating. Although China’s growth rate has now moderated, the U.S. is likely to continue to boom and Europe is set to catch up.



 

U.S. Equities – Energy Stocks: Stay Long For The Beta Trade – June 17, 2021
 · Equities · 

Energy has been the top-performing U.S. sector this year.



 

Absolute Return Strategy – Six Best Inflation Bets – June 15, 2021
Absolute Return · 

The outlook for U.S. and global consumer price inflation has become a hotly debated topic in recent months and now central to investment strategy.



 

Weekly Macro Strategy – Key Gaps Are Closing/Widening – June 11, 2021
 · Weekly Macro Strategy · 

While uber-dovish monetary policies will remain supportive of risk asset markets, the widening gaps between nominal GDP growth and core inflation versus policy rates are unsustainable.



 

Equities – The U.S. Will Bear The Burden Of A Global Minimum Tax – June 11, 2021
Equities · 

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Webcast – The Drivers Of Inflation Provide A Warning – (9min:49sec) – June 9, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar Phillip Colmar examines the forces that will drive consumer price inflation over the course of this cycle.



 

China – The Recovery Phase Is Ending – June 8, 2021
 · Emerging Markets · 

The post-pandemic phase of China’s economic rebound has been exceptionally strong, and current data suggests it is already in the early stages of ending.



 

Asset Allocation Strategy – Beware Too Much Good News – June 4, 2021
 · Asset Allocation · 

Markets have already priced in a lot of good news, but there is good news still to come.



 

Equities – Global Equities: What Does History Tell Us? – June 4, 2021
Equities · 

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Theme – An Inflation Problem Is Brewing – June 3, 2021
 · Themes · 

The Fed and other major central banks are determined to lag well behind any upturn in consumer price inflation, and fixed-income investors are reluctant to revise up their depressed longer-term views on economic growth and inflation.



 

U.S. Equities – The Value Resurgence Has Room To Run – June 1, 2021
 · Equities · 

The rotation from growth to value has been one of the outstanding features of the U.S. equity market rally over the past 7 months.



 

Weekly Macro Strategy – Its Only A Pause – May 28, 2021
 · Weekly Macro Strategy · 

The bear market in government bonds is on temporary hiatus.



 

Weekly Macro Strategy – Breakouts And Breakdowns – May 21, 2021
 · Weekly Macro Strategy · 

The mild risk-off phase should persist in the near run.



 

Weekly Macro Strategy – From Virtuous To Vicious – May 14, 2021
 · Weekly Macro Strategy · 

The brightening economic outlook means that inflation pressures will steadily build and bond yields will move higher in waves.



 

Webinar – MRB’s Big Picture Themes – (73min:46sec) – May 12, 2020
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar and Warren Smith, examined the major macro and investment trends that will be key to generating outsized portfolio returns over the next several years.



 

U.S. Equities – Consumer Finance Stocks: More Tailwinds To Play Out – May 12, 2021
 · Equities · 

U.S. consumer finance stocks have strongly outperformed year-to-date.



 

Absolute Return Strategy – Risk Of Another 1987 Crash – May 10, 2021
Absolute Return ·  · 

The investment cycle is decisively ahead of the economic cycle, with many signs of frothy conditions, at a point when consumer price inflation is rising, bonds have entered a durable bear market and the U.S. dollar is vulnerable.



 

Theme – Risk Of Another 1987 Crash – May 10, 2021
Themes · 

 Add to Favorite Reports  The investment cycle is decisively ahead of the economic cycle, with many signs… Continue



 

Asset Allocation Strategy – As Good As It Gets – May 7, 2021
 · Asset Allocation · 

The aggressive monetary and fiscal support of the past year helped bring forward and fortify the robust rebound in capital markets relative to underlying economic growth conditions.



 

China – Reawakened Consumers Underpin Growth – May 6, 2021
 · Emerging Markets · 

China is growing at a robust, above-trend growth, with concerns over the COVID-19 pandemic slipping into the distant past.



 

U.S. Equities – Stay Selectively Focused On Value – May 3, 2021
 · Equities · 

U.S. first-quarter earnings reports have been overwhelmingly positive.



 

Weekly Macro Strategy – A Durable Trend, Not A One-Off – April 30, 2021
 · Weekly Macro Strategy · 

Led by the U.S., the global economic recovery continues to strengthen on the back of increased vaccinations.



 

Equities – A Weaker Dollar Will Eventually Favor Unhedged Non-U.S. Equities – April 30, 2021
Equities · 

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