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Regional Equities – Goldilocks “Light” Spurs A Broadening In Equity Leadership – June 25, 2024
· Equities ·
The investment backdrop remains broadly supportive for global equities, but performance will likely be choppy in the near term given some signs of slowing growth in the U.S. economy…
2024 U.S. Sector Outlook – Laggards Will Get The Limelight – December 19, 2023
· Equities ·
U.S. stocks are exiting 2023 riding a wave of optimism, punctuating a year of strong performance for the popular benchmarks.
U.S. Equities – Still Premature To Increase Defensive Positioning Beyond Health Care – October 24, 2023
· Equities ·
Defensive sectors such as utilities, consumer staples, and health care have all lagged the broad U.S. equity market year-to-date.
Regional Equities – Options For De-Risking From The Heavyweight U.S. – September 28, 2023
· Equities ·
Regional equity positioning is complicated by the outsized weight of the U.S. in the global equity benchmark…
U.S. Equities – Changes To The GICS® Structure: What Investors Need To Know – March 22, 2023
· Equities ·
Changes to the Global Industry Classification Standard (GICS®) will be made in the coming months.
Webinar – Investing In A Drawn-Out Late-Cycle Environment – (71min:13sec) – March 1, 2023
Webcasts & Webinars ·
Today’s MRB Webinar featured Salvatore Ruscitti discussing the outlook for the U.S. equity market and the implications of the late-cycle macro environment for portfolio positioning.
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.
Regional Equities – Regional & Sectoral Balance For Turbulent Times – June 23, 2022
· Equities ·
The macro backdrop will remain challenging in the near term as investors assess the trade-off between elevated inflation and economic growth risks
U.S. Equities – Continue To Favor U.S. Health Care Stocks Over Other Defensive Sectors – February 17, 2022
· Equities ·
The shift of monetary policy from ultra-accommodative towards normalization is ushering in a regime of greater volatility in the equity and bond markets
U.S. Equities – What The Bond Market Rout Means For U.S. Equities – March 2, 2021
· Equities ·
U.S. equity prices have been volatile of late due to a rapid rise in bond yields as government fixed-income markets have begun to discount stronger-than-expected economic growth and higher inflation.
Roundtable – U.S. Equity Sectors With Salvatore Ruscitti – January 28, 2021
Webcasts & Webinars ·
In this Roundtable, MRB’s U.S. Equity Strategist, Salvatore Ruscitti, discusses the outlook for the U.S. equity market and highlights our recommended sector positioning.
U.S. Sector Strategy – 2021 Outlook: From Rally To Rotation – December 23, 2020
· Equities ·
The expected widespread rollout of COVID-19 vaccines has boosted the outlook for the global economy.
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.
U.S. Equities – Follow The Profit Cycle – July 23, 2020
· Equities ·
The uncertainties unleashed by the COVID-19 pandemic pose a significant challenge for investment strategy.
U.S. Equities – The Virus Makes The Timeline – March 31, 2020
· Equities ·
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
U.S. Equities – Looking Back At 2019 and Ahead To 2020 – January 9, 2020
· Equities ·
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.
Webcast – U.S. Equity Market Outlook: How To Position In 2020 (19min:04sec) – January 3, 2020
Webcasts & Webinars ·
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.
U.S. Sector Strategy – 2020 Outlook: Earnings Growth Will Still Be King – December 18, 2019
· Equities ·
Today’s report discusses how to position U.S. equity portfolios for the year ahead.
U.S. Equities – Stocks Go All-In On A Trade Deal – November 18, 2019
· Equities ·
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
Webcast – Still Scope For Another Upturn In The Global Earnings Cycle (11min:28sec) – October 23, 2019
Webcasts & Webinars ·
In this week’s Webcast, Peter Perkins assesses the earnings cycle across major markets, its key drivers, and the implications for equity prices.
U.S. Equities – A Reality Check For 2020 U.S. Earnings – October 16, 2019
· Equities ·
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.
U.S. Sector Strategy – Stuck In “No Man’s Land” – August 29, 2019
· Equities ·
The seesawing in trade tensions between the U.S. and China has kept equities on a rollercoaster ride in recent months.
U.S. Equities – What Health Care Stocks Have That Other Defensive Sectors Lack – August 20, 2019
· Equities ·
Concerns about disruptive policy changes and headline risk in the lead-up to the 2020 presidential election have pressured the relative performance of the health care sector this year
U.S. Equities – At The Edge Of A Cliff? – August 8, 2019
· Equities ·
Equities have sold off sharply in the past week as the U.S. and China have ratcheted up pressure on each other in their deepening trade dispute.
Theme – MRB’s Annual Overview Of Key Investment Themes (Part II) – May 29, 2019
· Themes ·
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.
U.S. Equities – Navigating Trade Uncertainties – May 14, 2019
· Equities ·
Equities have been jolted in the past week after an abrupt escalation in trade tensions between the U.S. and China.
U.S. Sector Strategy – Signs Of Stability, But Too Early To Rotate Out Of Quality And Growth – April 4, 2019
· Equities ·
The first quarter saw cyclical stocks rebound from deeply oversold levels relative to their defensives counterparts.
Webcast – An Update On The U.S. Market Outlook And Sector Positioning (7min:45sec) – February 13, 2019
Webcasts & Webinars ·
In this week’s webcast, Salvatore Ruscitti discusses the outlook for U.S. equities and MRB’s recommended positioning.
Webcast – Perspectives From MRB Strategists (22min:43sec) – January 3, 2019
Webcasts & Webinars ·
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.
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 – GICS Reclassification And Its Implications (10min:07sec) – August 1 2018
Webcasts & Webinars ·
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 – 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 – 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 ·
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.
Webcast – 2018 U.S. Sector Outlook (14min:41sec) – January 3, 2018
Webcasts & Webinars ·
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 ·
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.