U.S. Sector Strategy – 2019 Outlook: Staying Balanced And Diversified – December 21, 2018



U.S. Sector Strategy – 2019 Outlook: Staying Balanced And Diversified – December 21, 2018
 · Equities · 

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.


U.S. Equity Sectors – Don’t Chase Mini Rotations – October 4, 2018
 · Equities · 

The crosscurrents of strong corporate earnings and global trade/non-U.S. growth uncertainties warrant maintaining only a modestly pro-growth sector positioning stance.


Webcast – Staying Diversified, But With A Pro-Growth Bias (11min:07sec) – September 19, 2018
Webcasts, Webinars & Roundtables · 

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.


U.S. Equities – Staying Diversified, But With A Pro-Growth Bias – September 14, 2018
 · Equities · 

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.


Webcast – GICS Reclassification And Its Implications (10min:07sec) – August 1 2018
Webcasts, Webinars & Roundtables · 

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.


U.S. Equities – The Upcoming Reshuffling Of Sectors: What Are The Implications For Investors? – July 31, 2018
 · Equities · 

Major revisions to the Global Industry Classification Standard (GICS) structure are scheduled to go into effect on September 28, 2018.


U.S. Equities – Fundamentals Still Favor A Moderately Pro-Cyclical Positioning Stance – July 10, 2018
 · Equities · 

The equity market has been resilient of late despite escalating trade tensions.


Asia Ex-Japan Report – China’s Bear: Hunt Or Run? – July 10, 2018
 · Emerging Markets · Equities · 

Despite large differences in sector composition, valuations, and international trade exposure, correlations between China’s CSI-300 index, the MSCI China and MSCI Hong Kong indexes have risen to the highest levels in more than a decade.


U.S. Equities – Staying Constructive, But Keep An Eye On Brewing Trade Tensions – June 26, 2018
 · Equities · 

The equity market will remain choppy until trade uncertainties recede and global growth momentum bottoms.


U.S. Equities – A Valuation Deep Dive Across Sectors – June 18, 2018
 · Equities · 

Valuations for the broad U.S. equity market have re-set lower since late-January.


U.S. Equities – Too Early To Tilt Towards Defensives – May 29, 2018
 · Equities · 

 Add to Favorite Reports Equity markets will remain in a churning phase as investors continue to digest… Continue


U.S. Equities – The End Of Cheap Oil? – May 14, 2018
 · Equities · 

 Add to Favorite Reports Despite the recent positive price action, we expect macro cross-currents to keep equity… Continue


U.S. Equities – Banks And Semis: Are The Bearish Narratives Justified? – April 23, 2018
 · Equities · 

The upward bias in inflation expectations and bond yields implies that the digestion phase for the U.S. equity market will persist in the near run.


U.S. Equities – Will Earnings Assuage Investors? – April 16, 2018
 · Equities · 

The U.S. equity market will remain volatile as economic growth momentum moderates and the cyclical build-up of inflationary pressures persists.


U.S. Equities – A Negative News Cycle For Stocks – March 26, 2018
 · Asset Class Reports · Equities · 

U.S. equity markets were roiled last week as investors worried about several issues including the prospects of a trade war, the fallout from the data harvesting scandal at Facebook, and anxiety over Fed rate hikes.


Webcast – Volatility Redux: Assessing U.S. Portfolio Positioning (10min:31sec) – February 21, 2018
Webcasts, Webinars & Roundtables · 

In this week’s Webcast,Salvatore Ruscitti provides an update on our U.S. equity sector views given the shifting macro landscape


U.S. Equity Sectors – Positioning In A Higher Volatility World – February 20, 2018
 · Equities · 

After a long absence, volatility returned to the equity market earlier this month, triggered by a breakout in Treasury yields.


Charts – U.S. Consumer Discretionary Stocks: Eight Reasons To Sell – February 8, 2018
 · Equities · 

 Add to Favorite Reports After lagging for most of 2017, the relative performance of consumer discretionary stocks… Continue


Asset Allocation Strategy – Too Much Of A Good Thing – February 2018
 · Asset Allocation · 

 Add to Favorite Reports Risk assets have been on fire in response to a nearly ideal macro… Continue


Webcast – 2018 U.S. Sector Outlook (14min:41sec) – January 3, 2018
Webcasts, Webinars & Roundtables · 

In this week’s webcast, equity sectors strategist Salvatore Ruscitti, assesses the macro outlook for 2018 and the implications for U.S. equity sector positioning.


U.S. Equity Sectors Report – 2018 U.S. Sector Outlook: Remain Diversified – December 19, 2017
 · Equities · 

The U.S. equity market has enjoyed a banner year, with gains being fueled by a favorable macro backdrop.


Webcast – What Is The MRB Stylized Investment Cycle Telling Us? (10min:55sec) – November 15, 2017
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar and Santiago Espinosa provide MRB’s key takeaways from our four-part theme report on the MRB Stylized Investment Cycle.


Charts – Equity Sectors: Our Favorite Charts – November 2, 2017
 · Equities · 

Today’s report provides our 12 favorite U.S. sector/industry sub-group charts. We also discuss their implications.


Theme – Stylized Investment Cycle (Part II): Asset Class Positioning – October 25, 2017
Absolute Return ·  · Asset Allocation · Economics & Policy · Equities · Fixed Income · Themes · 

This is the second MRB Theme Report in a multi-part series updating the MRB Stylized Investment Cycle, which is one of our most popular thematic frameworks. Part I outlined our framework and where financial markets currently are within the investment cycle.