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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…
Absolute Return – Capitalizing On G7 Central Bank Missteps And Divergences – May 2, 2024
Absolute Return · · Economics & Policy · Fixed Income ·
Many investors and strategists focus far too much attention on reading the proverbial tea leaves of central banks (particularly the Federal Reserve) to decipher how policymakers intend to shift interest rates.
U.S. Equities – Bank Stocks: Q1 Earnings And What They Signal For The Outlook – April 25, 2024
· Equities ·
Markets initially reacted negatively to the first-quarter earnings announcements of the major U.S. banks.
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.
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 – Moody’s Downgrade Of Banks Mostly Recognizes What Is Already Known – August 11, 2023
· Equities ·
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MRB TradeBook – Favor U.S. Large-Cap Banks Versus Their Regional Counterparts – June 30, 2023
Absolute Return ·
Add to Favorite ReportsThe U.S. bank index has started to regain strength relative to the U.S. regional… Continue
U.S. Equities – Bank Earnings Face A Wall Of Worry, But Not A Cliff-Dive – June 20, 2023
· Equities ·
The earnings of U.S. bank stocks face several crosscurrents in the year ahead.
U.S. Equities – It Gets Tougher From Here – May 16, 2023
· Equities ·
The 6-12 month outlook for the U.S. equity market remains uninspiring.
MRB TradeBook – Two New Equity Positions And One Closed Pair Trade – April 6, 2023
Absolute Return ·
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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.
Webcast – U.S. Bank Stocks: Idiosyncratic Rather Than Systemic Risks – (9min:29sec) – March 14, 2023
Webcasts & Webinars ·
In this week’s Webcast, Salvatore Ruscitti discusses the implications of recent developments in the banking industry and their impact on U.S. bank stocks.
MRB TradeBook – Taking Profits – March 10, 2023
Absolute Return ·
Add to Favorite ReportsMarket volatility has caused us to take profits on three positions this week, these… Continue
U.S. Equities – Bank Stocks: Addressing Three Popular Questions – March 9, 2023
· Equities ·
Rising interest rates bring both opportunities and risks for the banking industry.
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.
U.S. Equities – Our Favorite Charts – August 26, 2022
· Equities ·
Today’s report presents some of our recent “favorite” charts.
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.
Equities – How Vulnerable Are Corporate Earnings? – July 12, 2022
· Equities ·
After de-rating dramatically in the first-half of this year, many investors fear that a significant decline in corporate profits looms, signaling much more pain ahead for stock prices.
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 – Bank Stocks: Earnings Upgrades Starting To Take Hold – June 9, 2022
· Equities ·
After sharply outperforming in January, U.S. bank stocks have lagged the broad equity market since the Russian invasion of Ukraine amid rising recession concerns
Webcast – U.S. Bank Stocks: Earnings Will Have A Second Upleg – (11min:50sec) – April 13, 2022
Webcasts & Webinars ·
In this week’s Webcast, Salvatore Ruscitti discusses the outlook for U.S. bank stocks.
U.S. Equities – Putin Or Powell: Who Matters More For U.S. Bank Stocks? – March 29, 2022
· Equities ·
After strongly outperforming in January, U.S. bank stocks have lagged in the past couple of months, with relative performance weighed down by economic uncertainty stemming from the war in Ukraine.
U.S. Equities – Taking Advantage Of Market Volatility – January 27, 2022
· Equities ·
U.S. equities have started the year on a turbulent note.
U.S. Equities – Bank Stocks: Proving Their Resilience – September 30, 2021
· Equities ·
U.S. bank stocks are enjoying a banner year of outperformance.
Absolute Return Strategy – Six Best Inflation Bets – June 15, 2021
Absolute Return ·
The outlook for U.S. and global consumer price inflation has become a hotly debated topic in recent months and now central to investment strategy.
U.S. Equities – Consumer Finance Stocks: More Tailwinds To Play Out – May 12, 2021
· Equities ·
U.S. consumer finance stocks have strongly outperformed year-to-date.
Absolute Return Strategy – Is Good News Now Bad? – March 4, 2021
Absolute Return · ·
One of the leading threats we identified for financial markets in 2021 is now occurring, namely that bond yields rise too fast.
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.
Equities – Canada: Earnings Beta Still Tied To Resources – February 24, 2021
· Equities ·
Canadian stocks will benefit from an improving domestic and global economy over the next 6-12 months, but we expect them to continue to underperform their global peers during the period.
Weekly Macro Strategy – Losing An Anchor – February 19, 2021
· Weekly Macro Strategy ·
The rebound in Treasury yields has spread abroad and has increased the odds of a correction in overbought risk asset markets.
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. Equities – U.S. Banks: Taking Stock Of The Earnings Drivers – January 21, 2021
· Equities ·
U.S. bank stocks have soared in recent months, boosted by positive vaccine news, a steepening yield curve, and the Fed’s decision in December to reverse the ban on share buybacks for the largest banking institutions.
Absolute Return Strategy – Selectivity After The Runup – January 12, 2021
Absolute Return · ·
This report focuses on positioning around the potential for some near-term turbulence in global equity markets following the recent sharp upleg.
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.
Webcast – Top 5 Client Requests Of The Month – (12min:59sec) – December 1, 2020
Webcasts & Webinars ·
MRB assists clients with on-demand questions which cover a wide range of issues and asset markets.
Webcast – Is It Time For Financial Stocks? – (11min:28sec) – November 25, 2020
Webcasts & Webinars ·
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.
Webinar – The Great Equity & Currency Rotation – (89min:16sec) – November 18, 2020
Webcasts & Webinars ·
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.
Election 2020 – How Will The U.S. Election Shape Financial Sector Regulation? – November 2, 2020
· Equities ·
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
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.
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.
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.
Theme – Mania Profiling (Part VI): What Assets Will Be Next? – May 12, 2020
· Themes ·
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.
U.S. Equities – Navigating The Growth Vs Value Style Imbalance – May 7, 2020
· Equities ·
Growth stocks have continued to exert market leadership this year amid the COVID pandemic.
U.S. Equities – A COVID-19 Stress Test For U.S. Bank Stocks – April 14, 2020
· Equities ·
The economic disruptions from the COVID-19 outbreak will weigh heavily on U.S. bank earnings this year.
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
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.
U.S. Equities – Bank Stocks: Irrational Pessimism – March 12, 2020
· Equities ·
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.
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.
Theme – Mania Profiling (Part I): Framework & Current Cycle – November 20, 2019
· Themes ·
This MRB Theme Report is the first of a mini-series of reports that update our work on asset manias.
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 – U.S. Bank Stocks On The Move (8min:51sec) – October 30, 2019
Webcasts & Webinars ·
In this week’s webcast, Salvatore Ruscitti assesses the outlook for U.S. bank stocks. Key highlights include:
U.S. Equities – Bank Stocks Awaken From Their Slumber – October 29, 2019
· Equities ·
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.
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.
Theme – Trade War Vs The Fed: Mapping The Impact – June 10, 2019
· Themes ·
Financial markets have swung wildly this year, caught in the crosscurrents between potentially destabilizing trade policies and a fresh round of monetary reflation.
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.
Absolute Return Strategy – Passing The Baton: From Policy To Growth – May 9, 2019
Absolute Return · ·
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.
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 – MRB’s Long-Term Portfolio Recommendations (7min:09sec) – March 6, 2019
Webcasts & Webinars ·
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.
Absolute Return Strategy – The High-Conviction Multi-Year Portfolio – March 6, 2019
Absolute Return · ·
This report leverages our recent big picture thematic work to provide investors with a longer-term roadmap.
Theme Report – The High-Conviction Multi-Year Portfolio – March 6, 2019
· Themes ·
Add to Favorite Reports This report leverages our recent big picture thematic work to provide investors with… Continue
U.S. Equities – Bank Stocks: Don’t Throw In The Powell – February 19, 2019
· Equities ·
Our report examines the prospects for U.S. bank stocks in light of the recent dovish shift in the Fed’s forward guidance on interest rates.
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 – The Fed Leaves The Punchbowl (8min:16sec) – February 6, 2019
Webcasts & Webinars ·
In this week’s Webcast, Peter Perkins discusses the outlook for capital markets and appropriate investment position, drawing upon the most recent MRB Asset Allocation Strategy report.
Asset Allocation Strategy – And The Band Played On – February 1, 2019
· Asset Allocation ·
Any investor fears of an impending U.S. recession should recede further following this week’s signal by the Fed that monetary policy is effectively on hold for the foreseeable future.
Webcast – The Recession That Refreshes (9min:45sec) – January 30, 2019
Webcasts & Webinars ·
In this week’s Webcast, Phillip Colmar and Santiago Espinosa look ahead to what awaits during the next global recession.
Theme – The Next Recession: 12 Non-Consensus Views (Part I) – January 16, 2019
· Economics & Policy · Themes ·
This is the first of a two-part Theme Report that steps back and evaluates what the next global economic recession will look like
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. Equities – Peak Earnings Growth, Not Peak Earnings – November 1, 2018
· Equities ·
Last month’s correction has pushed valuations for the U.S. equity benchmark to levels where they discount an overly bearish outcome for earnings.
U.S. Equities – Don’t Give Up On U.S. Growth Stocks – October 19, 2018
· Equities ·
End-of-cycle conditions are not on the horizon. However, a calming of trade tensions and improvement in non-U.S. economic growth momentum are needed to spur the next upleg in equity prices.
WMS – Emerging Markets – EM Equities: Apart From Tech, Perking Up In Relative Terms – October 19, 2018
Emerging Markets ·
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U.S. Equities – U.S. Bank Stocks: Bank On Earnings Remaining Resilient – October 19, 2018
Equities ·
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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.
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.
Weekly Macro Strategy Report – Risk-On Or Risk-Off? – August 17, 2018
· Weekly Macro Strategy ·
The Turkish meltdown should not have an escalating domino effect on the EM world, nor on overall global economic activity.
Asset Allocation Strategy – Markets In Limbo – August 3, 2018
· Asset Allocation ·
Capital markets remain in limbo, with key equity, bond and currency benchmarks still largely range-bound.
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.
Webcast – MRB Q&A: Top Questions From Clients (9min:35sec) – July 25, 2018
Webcasts & Webinars ·
Peter Perkins answers some of the key client questions we have recently received, ranging from the impact of trade protectionism on investment strategy to the outlook for gold.
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.
Absolute Return Strategy – The Churn Continues – July 6, 2018
Absolute Return · ·
Today’s report revisits three topics that continue to be heavily debated and which we believe investors are focused inappropriately.
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 – End-Of-Cycle Fears Are Premature – May 7, 2018
· Equities ·
Equities will continue to churn in the near run, but the risks of a recession in the next year remain low.
Asia Ex-Japan – Chinese Banks: Earnings Are Looking Up – May 1, 2018
· Emerging Markets · Equities ·
China’s listed banks are likely to see a reduction in provisioning costs over the next two years, which should deliver the strongest earnings growth since 2013.
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.
Absolute Return Strategy – Finding A Footing – April 20, 2018
Absolute Return · ·
Global equities have been forced to digest several credible threats this year
Webcast – Higher Volatility, But Not The End Of The Cycle (10min:53sec) – April 4, 2018
Webcasts & Webinars ·
Several issues have weighed on the equity markets in recent weeks including trade tensions between the U.S. and China, the spike in LIBOR rates, and concerns about increased government intervention in the technology sector.
U.S. Equities – The FANGs Lose Their Bite – April 3, 2018
· Equities ·
Equity markets have come under renewed downside pressure in the past week due to a host of factors including ongoing trade tensions, fears of increased regulation for the technology sector, and the LIBOR-OIS spread widening.
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.
Weekly Macro Strategy Report – Will The Fed Become Hemmed-In? – February 16, 2018
· Weekly Macro Strategy ·
Further near-run turbulence in risk asset markets is probable until bond yields plateau.
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
Equity Sectors – U.S. Insurance Stocks: Don’t Give Up On This Beneficiary Of Rising Bond Yields – January 29, 2018
· Equities ·
Add to Favorite Reports U.S. insurance stocks have lagged in recent months due to a host of… Continue
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.
Equities – U.S. Bank Stocks: Should Investors Heed A Flattening Yield Curve? – December 5, 2017
· Equities ·
The recent sharp flattening of the U.S. yield curve has become a hotly debated topic among investors
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.
Long-Term Returns Report – May 25, 2017
· Asset Allocation ·
Add to Favorite Reports Real returns on balanced portfolios will be low in the coming decade, on… Continue