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.
The uncertainties unleashed by the COVID-19 pandemic pose a significant challenge for investment strategy.
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.
Growth stocks have continued to exert market leadership this year amid the COVID pandemic.
The economic disruptions from the COVID-19 outbreak will weigh heavily on U.S. bank earnings this year.
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.
Banks stocks have significantly lagged of late as the meltdown in bond yields has raised concerns about a recession in the U.S. The sharp sell-off reflects fears that COVID-19 and the plunge in oil prices will expose credit risks, with negative consequences for bank earnings.
Absolute Return Strategy – Trading Manias & Crashes – January 29, 2020
Absolute Return · ·
Global equities stumbled in the last week after surging over the past year.
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.
This MRB Theme Report is the first of a mini-series of reports that update our work on asset manias.
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, Salvatore Ruscitti assesses the outlook for U.S. bank stocks. Key highlights include:
U.S. bank stocks have rebounded of late, with share prices breaking out of their recent range in absolute terms and relative performance reversing the downtrend in place since early-2018.
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.
Financial markets have swung wildly this year, caught in the crosscurrents between potentially destabilizing trade policies and a fresh round of monetary reflation.
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 shot of reflation provided by the Fed and other central banks has propelled equity prices higher this year.
Asset Allocation Strategy – Tentative Economic Green Shoots – April 5, 2019
· Asset Allocation ·
There are tentative economic green shoots starting to emerge which should lend further support to risk assets.
The first quarter saw cyclical stocks rebound from deeply oversold levels relative to their defensives counterparts.
Phillip Colmar and Santiago Espinosa step back from our tactical investment strategy and focus on several higher-conviction multi-year recommendations that are extracted from our big-picture thematic work.
This report leverages our recent big picture thematic work to provide investors with a longer-term roadmap.
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