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Absolute Return Strategy – The Opportunities Are In The Laggards – September 10, 2020
multi-asset
Absolute Return Strategy – The Opportunities Are In The Laggards – September 10, 2020
Absolute Return · ·
It has been a bumpy ride for investors over the past week as equities abruptly pulled back from overbought levels, before catching a bid yesterday.
Absolute Return Strategy – Equity Leaders Vs Everything Else – September 3, 2020
Absolute Return · ·
Market leaders typically have a material influence on overall equity performance, but it has been dramatic this year.
Phillip Colmar talks about our latest thematic research on the reflationary bridge, the Stylized Investment Cycle, and the potential for a rotation away from U.S. leadership.
Weekly Macro Strategy – Dollar Doldrums – August 21, 2020
· Weekly Macro Strategy ·
Equities are at near-run risk as they have front-run a positive economic outcome. Regional rebounds in COVID-19 infections remain both a source of economic drag and ongoing uncertainty about the future.
Asset Allocation Strategy – Tread Carefully, And Tactically – August 7, 2020
· Asset Allocation ·
Momentum, sentiment and policy can be crucial drivers of capital markets over a 3-6 month horizon, but ultimately fundamentals determine asset performance.
Webcast – Is The U.S. Set To Lose Equity & Currency Leadership? – (11min:55sec) – July 30, 2020
Webcasts ·
In this week’s Webcast, Phillip Colmar explores the potential for a broad-based rotation in relative performance away from U.S. leadership, and provides several investment strategy recommendations.
Absolute Return Strategy – Do U.S. Assets Justify Their Premium? – July 28, 2020
Absolute Return · ·
Today’s report explores the potential for a broad-based rotation in relative performance away from U.S. equity and currency leadership.
Theme – Do U.S. Assets Justify Their Premium? – July 28, 2020
· Themes ·
Today’s report explores the potential for a broad-based rotation in relative performance away from U.S. equity and currency leadership.
Webcast – COVID-19 Lingers As A Recovery Headwind – (8min:32sec) – July 8, 2020
Webcasts ·
In this week’s Webcast, MRB strategist Peter Perkins discusses the investment outlook and MRB’s recommended multi-asset positioning for the next 6-12 months.
Absolute Return Strategy – Setting Up For Another Shakeout? – June 23, 2020
Absolute Return · ·
The powerful bounce back in global risk assets since late-March has benefited our pro-growth positioning.
Webcast – Taking Selective Bets – (9min:52sec) – June 10, 2020
Webcasts ·
In this week’s Webcast, MRB strategist Peter Perkins discusses the outlook for capital markets over the next 6-12 months and MRB’s asset allocation recommendations.
Asset Allocation Strategy – Keep A Hold Of The Reins – June 5, 2020
· Asset Allocation ·
The recent strong rebound in risk assets and the global stock /bond ratio is likely to taper in the months ahead against a backdrop of a hesitant economic recovery and lingering health and political uncertainty.
Webcast – Top 5 Client Requests Of The Month – (10min:37sec) – May 13, 2020
Webcasts ·
In this week’s Webcast, Warren Smith and Santiago Espinosa discuss the top five queries from clients in the past month.
Theme – Mania Profiling (Part VI): What Assets Will Be Next? – May 12, 2020
· Themes ·
This report concludes our series on profiling asset manias. We began this series in late-2019 by outlining MRB’s framework for asset bubbles and compared the current macro backdrop with factors that have traditionally led to manic episodes.
Asset Allocation Strategy – Don’t Ignore Reopening Risks – May 1, 2020
· Asset Allocation ·
Trends in COVID-19 growth rates and key economic indicators, combined with aggressive policy support, augur positively for risk assets and the global S/B ratio, but much of the good news is already discounted.
Absolute Return Strategy – Catch The Waves: The Next Is Approaching – April 30, 2020
Absolute Return · ·
Investor sentiment has shifted rapidly from being overly optimistic on expectations of an acceleration in global growth conditions in late-January, to pricing in another deep recession by late-March, to now seemingly overly complacent about the likely recovery path ahead.
Webcast – Necessary But Not Yet Sufficient – (11min:29sec) – April 8, 2020
Webcasts ·
In this week’s Webcast, MRB strategist Peter Perkins assesses COVID-19 trends and the potential economic impacts, and looks at key drivers of equities and credit for overall investment strategy and asset allocation.
Asset Allocation Strategy – Follow The Policy Lead – April 3, 2020
· Asset Allocation ·
Policymakers are “all in” in attempting to overcome the health crisis and its economic consequences.
Theme Report – Fallout From COVID-19: Most Asked Questions – March 12, 2020
Absolute Return · · Themes ·
The rapid spread of COVID-19 across the globe has dramatically heightened investor uncertainty and rocked global financial markets.
Asset Allocation Strategy – It Is Still A Recession Call – March 6, 2020
· Asset Allocation ·
Investors should expect a bumpy path in the near term as COVID-19 spreads more deeply into the U.S. and Europe.
Absolute Return Strategy – Will COVID-19 End The Cycle? – February 27, 2020
Absolute Return · ·
The COVID-19 threat arrived at a point when equity markets had an air pocket after materially rerating over the past year and were overly optimistic about the global growth outlook.
Asset Allocation Strategy – An Early-2020 Reality Check – January 31, 2020
· Asset Allocation ·
The escalation of the coronavirus has put paid to complacency, at least for now.
Absolute Return Strategy – Trading Manias & Crashes – January 29, 2020
Absolute Return · ·
Global equities stumbled in the last week after surging over the past year.
Absolute Return Strategy – MRB TradeBook Track Record: 2019 Review – January 29, 2020
Absolute Return ·
Add to Favorite Reports In 2019, we leaned against repeated calls for an imminent recession, which benefited… Continue
Webcast – Geopolitically-Driven Digestion Phase (8min:20sec) – January 8, 2020
Webcasts ·
In this week’s Webcast, Peter Perkins assesses the outlook for capital markets in 2020, including the implications of the latest geopolitical crisis on investment strategy.
Asset Allocation Strategy – Extrapolation Risk – January 7, 2020
· Asset Allocation ·
Prior to the past week’s geopolitical stress, markets were increasingly vulnerable to extrapolation risk and excessive optimism about the economic outlook for the coming year.
Absolute Return Strategy – Positioning For 2020 – December 23, 2019
Absolute Return · ·
Today’s report outlines the main macro forces that will influence the investment landscape for 2020 and provides our related investment strategy.
Webcast – Exuberance Is Premature (10min:45sec) – December 11, 2019
Webcasts ·
In this week’s Webcast, Peter Perkins discusses three key issues for investment strategy and asset allocation for the next 6-12 months.
Asset Allocation Strategy – A Slow And Modest Upturn Lies Ahead – December 6, 2019
· Asset Allocation ·
While global growth should gradually firm next year, it will be insufficient to warrant a decisive risk-on investment posture.
Theme – Mania Profiling (Part I): Framework & Current Cycle – November 20, 2019
· Themes ·
This MRB Theme Report is the first of a mini-series of reports that update our work on asset manias.