Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021


equity-sectors

 

Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021
Weekly Macro Strategy · 

Global risk asset markets remain well supported by the economic and policy backdrop.



 

U.S. Equities – The Reflation Trade Is Not Over – July 23, 2021
 · Equities · 

The spread of COVID-19 variants and peak growth momentum have fueled anxiety about the global economic outlook, boosted government bonds, and spurred a rotation out of cyclical stocks and into secular growth plays.



 

Momentum – MRB Cyclical Momentum Indicator: Gauging Technical Conditions – July 21, 2021
Absolute Return ·  · Asset Allocation · 

The MRB Cyclical Momentum Indicator (MRB CMI) helps investors understand which markets have the biggest technical downside risk as well as upside potential ahead.



 

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.



 

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.



 

Equity Sectors – U.S. Bank Stocks: Buy On Weakness – June 25, 2021
 · Equities · 

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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.



 

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.



 

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.



 

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.



 

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

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



 

Webcast – Key Portfolio Tilts For Outsized Returns – (8min:45sec) – April 28, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar outlines four longer-term global investment trends that will be key to generating outsized portfolio returns over the next several years.



 

Weekly Macro Strategy – Bumps, But No Derailing – April 23, 2021
 · Weekly Macro Strategy · 

Global economic prospects are steadily improving, although investors should expect periodic minor setbacks until the pandemic truly recedes.



 

Equity Sectors – U.S. Bank Stocks: Reserve Releases Are A Bridge To Better Fundamentals – April 23, 2021
Equities · 

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Absolute Return Strategy – Playing Major Global Trends – April 22, 2021
Absolute Return ·  · 

The global reflation trade has cooled of late, after becoming technically stretched in recent months.



 

Theme – Playing Major Global Trends – April 22, 2021
Themes · 

 Add to Favorite Reports  The global reflation trade has cooled of late, after becoming technically stretched in… Continue



 

Weekly Macro Strategy – The Key Is To Stay Open – April16, 2021
 · Weekly Macro Strategy · 

The risk of a near-term correction in equities, due to overstretched technical conditions and already elevated earnings expectations, has diminished because the uptrend in Treasury yields has paused.



 

Webcast – Our Differentiated Views On U.S. Consumer Discretionary And Industrial Stocks – (12min:06sec) – April 14, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast Salvatore Ruscitti discusses the 6-12 month prospects for the U.S. consumer discretionary and industrial sectors.



 

U.S. Equities – Industrial Stocks: Will Earnings Deliver? – April 13, 2021
 · Equities · 

After lagging in December and January, U.S. industrial stocks have resumed outperforming in recent months.



 

Equities – Earnings Prospects Favor Further Global Value Outperformance – April 13, 2021
 · Equities · 

The rich valuations of growth stocks and the increasingly positive outlook for economic growth have recently helped boost investor interest in value stocks as a potential catch-up play.



 

Weekly Macro Strategy – Risk Assets Benefit As The Rise In Treasury Yields Pauses – April 9, 2021
 · Weekly Macro Strategy · 

Global growth is strengthening and broadening, helping to sustain rising earnings expectations.