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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

Absolute Return Strategy – Trading Ranges Don’t Last – October 24, 2019
Absolute Return ·  · 

Global equity markets have been rangebound over the past several months, caught between powerful macro and political crosscurrents.

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 – Industrials: Global Dark Clouds Take Their Toll – August 1, 2019
 · Equities · 

Recent earnings reports from U.S. industrial companies have indicated that trade uncertainties and sluggish global economic growth have begun to more meaningfully weigh on the sector’s underlying fundamentals.

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. Equities – Road & Rail Stocks: Downside Risks Diminishing, But Caution Is Still Warranted – April 23, 2019
 · Equities · 

Our report examines the prospects for the road & rail sub-group, which is dominated by railroad companies.

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.

U.S. Equities – Industrial Stocks: More Pain Ahead – March 15, 2019
 · Equities · 

Our report examines the prospects for industrial stocks, which have suffered a setback in the past week, due in part, to the selloff in Boeing’s shares.

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. Equities – Some Hopeful Signs Amid The Gloom – November 26, 2018
 · Equities · 

 Add to Favorite Reports U.S. equity markets have remained volatile in the wake of last month’s sell-off…. Continue

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.

U.S. Equities – Are Defensive Stocks Telling Us Something? – August 27, 2018
 · Equities · 

The recent outperformance of defensive sectors has raised some eyebrows and incited concerns about economic prospects.

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 – Solid Corporate Fundamentals Vs Trade Uncertainties: The Tug-Of War Will Go On – July 18, 2018
 · Equities · 

The U.S. equity market has been grinding higher in recent months, but a decisive breakout to new highs is unlikely before trade tensions calm and global economic growth momentum bottoms.

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 – Messy Politics Vs Strong Corporate Fundamentals – June 4, 2018
 · Equities · 

We expect the equity market to remain range-bound in the near run as a strong corporate earnings outlook is offset by ongoing trade tensions, overseas growth concerns, and geopolitical uncertainties.

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 – Good Earnings, Ho-Hum Reaction – April 30, 2018
 · Equities · 

Rising bond yields and uncertainties related to trade policy were likely behind the “sell-the-news” reaction to solid earnings results last week.

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