This report focuses on positioning around the potential for some near-term turbulence in global equity markets following the recent sharp upleg.
The expected widespread rollout of COVID-19 vaccines has boosted the outlook for the global economy.
MRB assists clients with on-demand questions which cover a wide range of issues and asset markets.
In this week’s Webcast, Peter Perkins discusses the outlook for global financial stocks following the release of the MRB Research Highlight:
“Global Financial Stocks: Look For U.S. And EM Leadership” on November 18, 2020.
In this week’s special MRB Webinar, Phillip Colmar and Mehran Nakhjavani address the question of asset rotation and answer questions from clients.
Global Equities – Global Financial Stocks: Look For U.S. And EM Leadership – November 18, 2020
· Emerging Markets · Equities ·
Global financial stocks have enjoyed a solid bounce in recent weeks, breaking out of a trading range that had prevailed from June through October.
Weekly Macro Strategy – Moving Another Notch – November 13, 2020
· Weekly Macro Strategy ·
The pandemic is slowing the rebound in economic activity outside of Asia. However, the 6-12 month outlook has improved because U.S. political uncertainty has diminished and there are higher odds of successful COVID-19 remedies.
Absolute Return Strategy – The Ebb And Flow Of Uncertainty – November 12, 2020
Absolute Return · ·
There has been a clash all year between the countervailing forces of the sudden-stop recession and unprecedented policy reflation.
Financial sector policy proposals have largely been absent from this year’s election campaign as debates have mostly focused on issues such as the pandemic
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.