MacroResearchBoard
| Independent Investment Strategy
Weekly Macro Strategy – Service Sectors Gain Momentum, Bond Yields Are Next – February 24, 2023
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fixed-income
Weekly Macro Strategy – Service Sectors Gain Momentum, Bond Yields Are Next – February 24, 2023
· Weekly Macro Strategy ·
The global economic outlook has brightened: service sector activity is strengthening, especially in the euro area and Asia.
Webcast – Equity Dilemma: Stronger Economy Vs Higher Bond Yields – (10min:05sec) – February 22, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar focuses on the major macro forces driving equities and bonds and narrows in on the current outlook for investment strategy.
Weekly Macro Strategy – Markets Are Still Betting On 2% Inflation – February 17, 2023
· Weekly Macro Strategy ·
The tactical risk-on phase should persist until DM government bond yields break out on the upside.
Webcast – Profiting From Understanding The Cycle – (7min:42sec) – February 14, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar focuses on the economic and investment cycles.
Weekly Macro Strategy – Does The Fed Really, Really Mean It? – February 10, 2023
· Weekly Macro Strategy ·
Global growth will improve, particularly in the euro area and Asia.
Absolute Return Strategy – Investors Misinterpret The Cycle Yet Again – February 10, 2023
Absolute Return · ·
Investors are now progressively capitulating to our more upbeat macro view, which has provided a boost for risk assets.
Theme – Investors Misinterpret The Cycle Yet Again – February 10, 2023
Absolute Return · · Themes ·
Add to Favorite Reports Investors are now progressively capitulating to our more upbeat macro view, which has… Continue
China – Services Rebound, Broader Consumption Should Follow – February 9, 2023
· Emerging Markets ·
The traditional travel boom during the Lunar New Year holiday period took place in January…
Webcast – Heed Cyclical Realities – (11min:53sec) – February 7, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses the investment outlook and MRB’s asset allocation recommendations for the next 6-12 months.
Asset Allocation Strategy – Risk-On, But It’s Late, Not Early Cycle – February 3, 2023
· Asset Allocation ·
From 30,000 feet the investment landscape appears appealing.
Weekly Macro Strategy – Risk Assets Revel From An (Expected) Rate Pause – January 27, 2023
· Weekly Macro Strategy ·
We remain positioned for a further period of risk-on, as headline inflation will steadily decelerate in the first half of 2023 and DM central banks will soon pause their rate hikes.
Korea – Export Recovery Papers The Cracks, For Now – January 26, 2023
· Emerging Markets ·
Korea’s equity market massively underperformed emerging market peers (EM), leaving valuations at extremely attractive levels…
Track Record – MRB TradeBook Performance: 2022 Review – January 24, 2023
Absolute Return · ·
The objective of the MRB Absolute Return Strategy is to provide a steady stream of investment ideas, rather than be based purely on the track record.
Weekly Macro Strategy – Corporations Are Profitable And Still Want To Hire – January 20, 2023
· Weekly Macro Strategy ·
We remain positioned for a further period of risk-on.
Emerging Markets Fixed Income – Goldilocks Favors EM Debt – January 19, 2023
· Emerging Markets · Fixed Income ·
For an investor whose only insight into the EM debt asset class is a chart plotting the spread between EM debt and U.S. Treasury bonds…
Weekly Macro Strategy – Enjoy It While It Lasts – January 13, 2023
· Weekly Macro Strategy ·
The recent tactical risk-on phase should persist in the first part of 2023.
Webcast – Don’t Worry, Be Happy? At Least For Now – (11min:23sec) – January 11, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses MRB’s asset allocation recommendations and the outlook for investment strategy.
Asset Allocation Strategy – Navigating An Unusual Cycle – January 6, 2023
· Asset Allocation ·
The economic, policy and capital markets landscape remains unusual by any historical standard, thereby complicating investment strategy.
China – Re-Opening Is Palpable, If Not Yet Measurable – January 5, 2023
· Emerging Markets ·
High frequency data and anecdotal evidence suggest that Chinese workers and consumers are shaking off the tsunami of infections arising from the sudden abandonment of the COVID-zero policy.
Webcast – Investment Strategy For 2023 – (9min:20sec) – January 3, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar focuses on the key portfolio tilts that we recommend in 2023.
Weekly Macro Strategy – Losing The Last Global Bond Yield Anchor – December 23, 2022
· Weekly Macro Strategy ·
Keep tight stops on risk-on positions, as DM government bond markets have become less supportive of late.
Absolute Return Strategy – Positioning For 2023 – December 22, 2022
Absolute Return · ·
For much of 2022, global portfolios were confronted with the lethal combination of decisively weaker global economic growth
Weekly Macro Strategy – Global Economic Headwinds Easing – December 16, 2022
· Weekly Macro Strategy ·
Some economic headwinds have recently eased, even as the major DM central banks have continued to hike their policy rates.
Webinar – Best Ideas For 2023 – (77min:03sec) – December 14, 2022
Webcasts & Webinars ·
MRB’s senior research team provide a series of high-conviction and non-consensus ideas for setting investment strategy in 2023.
Weekly Macro Strategy – Bond Bulls Are Doubling Down Again – December 9, 2022
· Weekly Macro Strategy ·
The risk-on phase will persist in the near run, aided by a decline in headline inflation and the pause in the cyclical uptrend in DM government bond yields.
Theme – U.S. Treasurys: Rhyming (Inversely) With The 1980s – December 8, 2022
· Fixed Income · Themes ·
It is common for investor expectations and market pricing to persistently lag economic fundamentals at secular turning points.
2023 China Outlook – How Much Growth Will Reopening Deliver? – December 8, 2022
· Emerging Markets ·
China’s COVID-zero response to the pandemic combined risky political assumptions, faulty epidemiology, and catastrophic economic consequences…
2023 Fixed Income Outlook – Some Calm Before The Next Storm – December 6, 2022
· Fixed Income ·
We expect a calmer period for global bond markets, at least during the first half of 2023. Thereafter, bond markets will face renewed headwinds, since the level of yields still does not reflect that the disinflationary era is over.
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 – Goldilocks For A While – November 25, 2022
· Weekly Macro Strategy ·
Stay tactically positioned for risk-on; equity markets have the potential to rebound for as long as government bond markets stay calm.