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


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foreign-exchange

 

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 – Elevated Inflation Has Made Central Banks Blindly Hawkish – (5min:00sec) – October 18, 2022
Webcasts & Webinars · 

In this week’s Webcast, we discuss monetary policy based on last week’s MRB Research Highlight, that “tighter” monetary policy is still required in the developed world.



 

Webcast – Markets On Edge – (10min:10sec) – October 12, 2022
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 positioning.



 

Policy – Time For Central Banks To Tread Lightly – October 11, 2022
 · Economics & Policy · Fixed Income · Foreign Exchange · 

Today’s research highlight examines current monetary conditions in the developed world and provides an update of the MRB Monetary Policy Pressure Gauges for each of these central banks.



 

Brazil – Defying Gravity – October 10, 2022
 · Emerging Markets · 

Brazilian assets rallied after last week’s general election as the worst-case scenario for financial markets, in which former President Lula secures a first-round victory, was avoided. Therefore, the favorable relative growth backdrop which has been driving outperformance will remain intact.



 

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.



 

Webcast – Growth Concerns Are Driving Currencies – (11min:22sec) – September 27, 2022
Webcasts & Webinars · 

In this week’s Webcast Santiago Espinosa focuses on currency trends in the developed markets, leveraging some of the research in this month’s global foreign exchange report.



 

Global Foreign Exchange – Recession Fears Are Driving Currencies – September 14, 2022
 · Foreign Exchange · 

The dominant driver for FX markets shifted in recent months from interest rate differentials



 

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.



 

Foreign Exchange – The Swiss Franc: Benefiting From European Angst – September 1, 2022
 · Foreign Exchange · 

This year has been characterized by defensive currency positioning given heightened investor anxiety.



 

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

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



 

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

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 · 

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



 

Theme – Differing From The Consensus – July 28, 2022
 · Themes · 

The global economy is currently facing many simultaneous headwinds from higher inflation, monetary “tightening”



 

Absolute Return Strategy – Differing From The Consensus – July 28, 2022
Absolute Return ·  · 

The global economy is currently facing many simultaneous headwinds from higher inflation, monetary “tightening”



 

Weekly Macro Strategy – A Stop-Start Economic World – July 15, 2022
 · Weekly Macro Strategy · 

Recession fears are overstated, as employment conditions and corporate profitability remain in good shape in most developed market (DM) economies.



 

Foreign Exchange – Euro: Short-Term Negative, But Long-Term Positive – July 15, 2022
Foreign Exchange · 

 Add to Favorite Reports  



 

Emerging Markets Foreign Exchange – Finding Shelter From The Dollar’s Chokehold – July 13, 2022
 · Emerging Markets · 

The dominance of the U.S. dollar has become so pervasive in EM currency markets that allocations to EM offer very little diversification in a global currency portfolio



 

China – When Will Reopening Lift Earnings? – July 7, 2022
 · Emerging Markets · 

With signs of economic reopening, foreign investors have been piling back into Chinese stocks in recent weeks, having rushed for the exits in prior months during the peak of lockdowns.



 

Webcast – Will Self-Correcting Forces Persist? – (13min:06sec) – July 6, 2022
Webcasts & Webinars · 

In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets and appropriate asset allocation positioning for the next 6-12 months.



 

Asset Allocation Strategy – Recession Or Resilience? – July 1, 2022
 · Asset Allocation · 

Anxiety about the global growth outlook will persist in the near term, resulting in choppy capital market conditions and room for bond yields to retreat at least mildly further.