MRB In the News


Phillip Colmar on Bloomberg, January 9, 2024
Phillip Colmar Managing Partner and Global Strategist at MRB Partners on Bloomberg

Phillip Colmar, Global Strategist at MRB Partners joined Bloomberg TV hosts Katie Greifeld and Romaine Bostick live from the studio to talk about why the economy will not justify the deep Fed rate cuts currently priced into financial markets. He also noted which equity markets are most appealing in the current macro environment.

Video & Audio Appearances

  • MRB on BNN Bloomberg – January 29, 2024

    Phillip Colmar, managing partner and global strategist at MRB Partners, joins BNN Bloomberg to discuss why big tech earnings could continue to disappoint. He discusses why he prefers to invest in other cyclical areas like U.S. and European banks, defense and aerospace.

    BNN Bloomberg

  • MRB on Bloomberg – January 9, 2024

    Phillip Colmar, Global Strategist at MRB Partners joined Bloomberg TV hosts Katie Greifeld and Romaine Bostick live from the studio to talk about why the economy will not justify the deep Fed rate cuts currently priced into financial markets. He also noted which equity markets are most appealing in the current macro environment.

    Bloomberg

  • MRB on Bloomberg Radio – January 9, 2024

    Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, discusses expectations for Fed policy, monetary conditions and areas of interest in the markets on Bloomberg Radio.

    Bloomberg Radio

  • MRB on Reuters (Part I) – December 22, 2023

    Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, says that despite data on Friday (Dec. 22) showing that the U.S. inflation rate continues to moderate, by mid-2024 it will be “well north” of where the Federal Reserve expects it to be.

    Reuters

  • MRB on BNN Bloomberg – December 29, 2023

    Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, provides his 2024 outlook for markets and cautions about the TSX given economic risks, including housing bubble. He warns that the Bank of Canada must abandon its inflation objectives and prevent debt deflation by cutting rates: “there is no such thing as a mild recession in Canada”.

    BNN Bloomberg

  • MRB on Reuters (Part II) – December 22, 2023

    Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, explains why the U.S. Federal Reserve’s target rate of 2% annual inflation may not be possible without pushing the U.S. economy into a recession.

    Reuters

Articles

  • MRB on Wealth Solutions Report – February 16, 2024

    Phillip Colmar, Global Strategist at MRB Partners was featured in this edition of the Wealth Management Solutions Report as the newest Investment Solutions Leader. Phillip shares market views for 2024 and outlines the impact for wealth managers.

    View article: Click Here, Wealth Solutions Report

     

  • MRB on Investing.com – February 3, 2024

    “I don’t think rate cuts are warranted and it could be a policy mistake to cut rates that will have intermediate-term inflationary consequences,” Phillip Colmar, global macro strategist at MRB Partners told Investing.com’s Yasin Ebrahim in a recent interview, following the Fed’s Jan. 31 decision to keep rates steady and downplay a March cut. 

    View article: Click Here, Investing.com

     

  • MRB on P&I – February 2, 2024

    Phillip Colmar, global strategist at MRB Partners, noted that “Fed Chair Powell went out of his way this week to suggest that disinflation and Fed rate cuts are independent of softer or below-trend economic growth,” he added. “However, today’s payroll release is problematic for the Fed.” Colmar added that the latest jobs numbers suggest that inflation will bottom out this year well above the Fed’s 2% target, limiting the amount of possible interest cuts.

    View article: Click Here, Pensions & Investment

     

  • MRB on Kiplinger – February 2, 2024

    “Fed Chair Powell went out of his way this week to suggest that disinflation and Fed rate cuts are independent of softer or below trend economic growth. However, today’s payroll release is problematic for the Fed, which has doubled down on ‘transitory.’ The underlying trend in core services inflation ex-shelter or supercore inflation (a major component of the core PCE basket) is driven by wage trends. The latest numbers suggest that inflation will bottom this year well above the Fed’s target, limiting the amount of rate cuts.” – Phillip Colmar, global strategist at MRB Partners

    View article: Click Here, Kiplinger

     

  • MRB on The Globe And Mail – January 12, 2024

    Phillip Colmar, global strategist at MRB Partners contributes to the “2024 In Charts” publication.

    Canada has a widespread housing affordability crisis owing to sky-high home prices and the surge in mortgage rates. The Bank of Canada’s housing affordability index is now at its worst reading since the early 1980s.

    View article: Click Here, The Globe And Mail

     

  • MRB on CNBC – January 10, 2024

    “Right now, the market’s pretty quiet, but I don’t think it’ll be quiet all year,” said Phillip Colmar, Global Strategist at MRB Partners. “We’ve fully priced this Goldilocks soft landing scenario. What’s next? It’s probably ‘no landing,’ which means the bond yields are probably not going to stay as anchored as they are, some of those rate cuts have come back out and then volatility comes back into the equity market … and then it’s not a buy-everything rally that we saw at the year end.”

    View article: Click Here, CNBC

     

  • MRB on Reuters, Yahoo! Finance And Nasdaq – January 3, 2024

    The recent dramatic easing in monetary policy is likely to result in a “no landing,” or continued above-trend growth that will limit how much the Fed can cut rates, said Phillip Colmar, global strategist at MRB Partners in New York. “All major asset classes, including equities, suggest that monetary conditions are plentiful.”

    View article: Click Here, Reuters, Yahoo! Finance, Nasdaq

     

  • MRB on Business Insider – Oracles of Wall Street – December 17, 2023

    Phillip Colmar, Managing Partner, was featured in Business Insider’s Oracles of Wall Street list for 2023! 

    Colmar said Treasury yields would stay relatively calm for the first several months of the year — they did — and then managed to time the spike in yields impressively. The call for higher bond yields was tied in with his view the economy would avoid a recession this year, which he expressed in December 2022 and reiterated in May.

    View article: Click Here, Business Insider

     

  • MRB on BARRON’S – December 8, 2023

    Some investors believe that inflation will stay stickier than many market participants expect. They make a case for TIPS, or Treasury inflation-protected securities. Phillip Colmar, managing partner and global strategist at MRB Partners, doesn’t see inflation returning to the Fed’s target rate of 2% anytime soon. Instead, he sees it settling higher, with serious consequences for retirees on a fixed income. 

    View article: Click Here, BARRON’S

     

  • MRB on ALM – December 6, 2023

    Commercial real estate is tricky with different areas of uncertainty depending on geographic area and type, like residential versus office. “Both sides look terrible now in Canada” says Phillip Colmar, managing partner and global strategist at MRB Partners. “Unfortunately, the pensions went into that and real estate’s in trouble.”

    View article: Click Here

     

  • MRB on Business Insider – November 28, 2023

    Phillip Colmar, a global strategist at MRB Partners, also believes returns for the S&P 500 over the long-term will be lackluster given higher valuations. Over the next 10 years, his firm sees US stocks having a compound annual growth rate of around 1%, while non-US stocks will grow at around 4% per year.

    View article: Click Here

     

  • MRB on CNBC – November 27, 2023

    Phillip Colmar, managing partner and global macro strategist at MRB Partners, similarly said that equities continue to be driven by the bond market. Stocks remain slightly overbought, he said, adding that the economy remains “reasonably resilient,” making it harder for future rate cuts to be justified.

    View article: Click Here

     

  • MRB ON REUTERS & YAHOO FINANCE! – November 27, 2023

    The market has been too eager to call the end of the bond bear market and the recent sell-off became overdone, said Phillip Colmar, global strategist at MRB Partners in New York. “The durability of the U.S. and global economy warns against betting that bond yields will continue to fall,” he said.

    View article: Click Here

     

  • MRB on MarketWatch, MorningStar and msn – October 25, 2023

    MRB Partners Global Strategist Phillip Colmar spoke with MarketWatch reporter Frances Yue about why a bond yield consolidation is needed for equities, especially tech stocks.

    View article: MarketWatch, MorningStar, msn

  • MRB on BNN Bloomberg – October 22, 2023

    Phillip Colmar, managing partner and global macro strategist at MRB Partners, similarly said that equities continue to be driven by the bond market. Stocks remain slightly overbought, he said, adding that the economy remains “reasonably resilient,” making it harder for future rate cuts to be justified.

    View article: Click Here