Theme – Secular Equity Bull Market: Is There More Upside? – October 21, 2020
Absolute Return · · Asset Allocation · Themes ·
Most investment strategy is focused on the cyclical trend in asset prices (i.e. the swings within a single economic or business cycle).
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 occupant of the White House over the next four years will have an influence on the outlook for the tech industry
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.
U.S. technology stocks have been relatively resilient amid the COVID-19 health crisis and economic shutdown.
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
After an initial modest drawdown, the U.S. equity market has more than recouped all its earlier losses from coronavirus fears.
Absolute Return Strategy – Trading Manias & Crashes – January 29, 2020
Absolute Return · ·
Global equities stumbled in the last week after surging over the past year.
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U.S. IT stocks have been on a tear in 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 recent months, market participants have rotated into the more cyclical components of the technology sector such as semiconductors and hardware equipment manufacturers from the more defensive software sub-group.
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 tech sector has drawn increased scrutiny of late given the poorly performing IPOs of a few unicorn companies, which have exposed the unprofitable business models of these firms.
The outlook for U.S. semiconductor and semi-equipment stocks remains a hotly debated topic.
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.
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.
Our report discusses why investors should not chase the rally in the semiconductor sub-group.
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.
Add to Favorite Reports This report leverages our recent big picture thematic work to provide investors with… Continue