The expected widespread rollout of COVID-19 vaccines has boosted the outlook for the global economy.
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.
In this week’s webcast, strategist Peter Perkins discusses the outlook for key euro area cyclical equity sectors. He expects cyclical sectors to outperform the euro area equity benchmark on a 6-12 month horizon, although selectivity is appropriate.
Euro Area Equities – Cyclical Earnings Recovery Opportunities – August 18, 2020
· Equities · Research Reports ·
Euro area traditional cyclical sectors, including consumer discretionary, industrials and materials should benefit from absolute and relative earnings upside over the next 6-18 months as the global economy recovers.
The uncertainties unleashed by the COVID-19 pandemic pose a significant challenge for investment strategy.
U.S. stock prices have recently bounced from their lows. To a large degree, the performance of the equity market going forward will be a function of sentiment towards the 2021 earnings outlook
Theme – Lessons From Previous Equity Bear Markets – March 19, 2020
Absolute Return · · Asset Allocation · Themes ·
The speed of the current selloff in equities, credit and oil has been remarkable, with a massive wave of selling pressure as investors rushed for the exits or to buy portfolio insurance.
After an initial modest drawdown, the U.S. equity market has more than recouped all its earlier losses from coronavirus fears.
U.S. household durable stocks enjoyed a comeback last year, with the sub-group outperforming the broad equity market in 2019.
The U.S. equity market has started the year on a choppy note, with geopolitical tensions between the U.S. and Iran whipsawing stocks prices in recent days.
In this week’s Webcast Salvatore Ruscitti discusses the 2020 outlook for the U.S. equity market and how to position portfolios for the year ahead.
Today’s report discusses how to position U.S. equity portfolios for the year ahead.
Translating the positive backdrop for consumer spending into an investment stance on retailing sub-groups remains very challenging given the dichotomy between the winners and losers in the industry.
U.S. equity prices have made new highs in the past month, with reduced recession fears and optimism about an easing of U.S./China trade tensions driving the advance
In this week’s Webcast, Peter Perkins assesses the earnings cycle across major markets, its key drivers, and the implications for equity prices.
Third-quarter earnings season kicks off in earnest this week. Our report offers a preview of what to expect and what trends to watch.
Global Equities – An Old, But Not Fully Mature Earnings Cycle – October 15, 2019
· Asset Class Reports · Equities ·
The global earnings upcycle is advanced, but should continue in the sluggish growth environment we anticipate in the year ahead.
The seesawing in trade tensions between the U.S. and China has kept equities on a rollercoaster ride in recent months.
This is Part II of a two-part annual update of the big-picture themes that form the foundation for MRB’s longer-term investment strategy.
Equities have been jolted in the past week after an abrupt escalation in trade tensions between the U.S. and China.
The first quarter saw cyclical stocks rebound from deeply oversold levels relative to their defensives counterparts.
In this week’s webcast, Salvatore Ruscitti discusses the outlook for U.S. equities and MRB’s recommended positioning.
Absolute Return Strategy – Crisis Of Confidence – January 7, 2019
Absolute Return · ·
Investors have been suffering a “crisis of confidence” in monetary and political leadership in several major economies around the globe.
In this week’s Webcast, Warren C. Smith chats with various MRB strategists in our three offices, and examines the key investment issues that we expect will dominate the landscape in 2019.
Equity markets are ending the year on a downbeat note, with end-of-cycle fears and political uncertainties continuing to weigh heavily on investor sentiment.
The crosscurrents of strong corporate earnings and global trade/non-U.S. growth uncertainties warrant maintaining only a modestly pro-growth sector positioning stance.
In this week’s webcast, Salvatore Ruscitti provides a quick update on our U.S. sector positioning views and discusses the outlook for multiline retailing stocks, as well as risks and opportunities within the health care sector.
Rising earnings are continuing to provide support to the U.S. equity market. However, a further significant advance in equity prices is dependent on the U.S. protectionist threat receding and non-U.S. economic growth momentum showing definitive signs of firming.
Weekly Macro Strategy Report – Opposing Forces – September 14, 2018
· Weekly Macro Strategy ·
Once again, there are glimmers of hope on the trade front. A meaningful easing in tensions would signal that the risk-on backdrop in the U.S. will spread abroad.
In this week’s webcast, Salvatore Ruscitti looks at the upcoming changes to the Global Industry Classification Standard (GICS), and discusses their potential impact on sector behavior and the implications for investment strategy.