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Global Foreign Exchange – The U.S. Dollar Is Losing Its Appeal – October 15, 2020
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Global Foreign Exchange – The U.S. Dollar Is Losing Its Appeal – October 15, 2020
· Foreign Exchange ·
Investor anxiety associated with the global health crisis and the outcome of the U.S. presidential election has stayed somewhat elevated in recent weeks
In this week’s webcast, Peter Perkins discusses the outlook for performance across the major equity markets and MRB’s recommended positioning in a global equity portfolio.
Regional Equities – Rotation Drivers Are Still Not In Place – September 24, 2020
· Equities ·
A global economic recovery increases the potential for a rotation away from richly-valued U.S. stocks, but the growth outlook is not yet sufficiently robust to warrant such a shift.
Weekly Macro Strategy – A Small Crack, So Far – September 11, 2020
· Weekly Macro Strategy ·
We remain cautious on the near-run outlook, as the recovery in the global economy will have difficulty matching the elevated expectations discounted by equities and industrial commodities.
Weekly Macro Strategy – Dollar Doldrums – August 21, 2020
· Weekly Macro Strategy ·
Equities are at near-run risk as they have front-run a positive economic outcome. Regional rebounds in COVID-19 infections remain both a source of economic drag and ongoing uncertainty about the future.
Equities – Canadian Equities: A Tale Of Two Trends – August 21, 2020
Equities ·
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Foreign Exchange – Stick With The MRB Optimal FX Barbell Basket – July 17, 2020
Foreign Exchange ·
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Global Foreign Exchange – Policy Stimulus’ Impact On FX Markets – July 7, 2020
· Foreign Exchange ·
The bounce in global risk assets from deeply oversold levels has favored pro-growth currencies.
Webcast – Catalyst For A Regional Equity Rotation Is Not Yet In View – (9min:51sec) – June 24, 2020
Webcasts ·
In this week’s Webcast, MRB strategist Peter Perkins discusses the outlook for the major equity markets and MRB’s recommended positioning on a 6-12 month horizon.
Regional Equities – Greater Earnings Certainty Needed For A Major Rotation – June 18, 2020
· Equities ·
There are important crosscurrents in translating the macro landscape into regional equity positioning.
TradeBook Update – June 12, 2020
Absolute Return ·
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Foreign Exchange – Developed Commodity Currencies Will Need To Get Cheaper – June 3, 2020
· Foreign Exchange ·
Today’s report highlights why the recent rally in developed commodity-based currencies should prove temporary as underlying fundamentals in these economies remain weak.
Webcast – Canada: Will The Bubble Finally Burst? – (13min:26sec) – June 2, 2020
Webcasts ·
In this week’s Webcast, Phillip Colmar provides our latest outlook on the Canadian economy and asset markets, with a focus on the potential for a bursting of the housing and credit bubbles.
Long-Term Returns – Long-Term Fallout From The COVID-19 Crisis – May 28, 2020
Absolute Return · · Asset Allocation ·
The post-COVID-19 world poses fresh challenges for investors. While we expect the global economy to rebound in the year ahead, growth in the longer-term will be somewhat slower than was probable prior to the crisis.
Canada – On Thin Ice As It Heats Up – May 27, 2020
Economics & Policy ·
Today’s report updates our outlook on the Canadian economy and related investment strategy in response to the pandemic and related halt in activity.
COVID-19 – Mobility Data: Global Charts – May 21, 2020
· Economics & Policy ·
Google has provided access to its mobility data during the COVID-19 crisis. While only temporarily available, we felt it would be helpful to provide clients with a regularly-updated chartpack to assess how economic reopening is progressing.
Weekly Macro Strategy – Too Late or Too Soon? – May 15, 2020
· Weekly Macro Strategy ·
Somewhat disappointing virus and economic trends in the early-restarting Asian countries, plus renewed protectionist threats, underscore that equities are heading into a risky period.
Weekly Macro Strategy – The Race To Re-Start – April 24, 2020
· Weekly Macro Strategy ·
Re-starting economic activity is going to be challenging in the near run, and there is a significant risk of disappointments if politicians/businesses move too quickly.
Foreign Exchange – The Prospects For Petro-Currencies Are Bleak – April 24, 2020
Foreign Exchange ·
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Global Fixed Income – The Fed Has A Backstop For Everything – April 21, 2020
· Fixed Income ·
In response to the sharp COVID-19 economic fallout, the Fed has adopted an unprecedented set of stimulus measures with clear positive implications for fixed-income assets.
Regional Equities – The Best Offense Is A Good Defense – March 26, 2020
· Equities ·
The uncertainty associated with COVID-19 and the countermeasures being taken to ameliorate it justify a conservative regional equity allocation in the near term.
COVID-19 – Monitoring The Progress Of Countermeasures – March 25, 2020
· Economics & Policy · Themes ·
The world has become fixated on the rapid spread of the COVID-19 pandemic to Europe and the U.S., and the economic consequence of the necessary countermeasures.
Weekly Macro Strategy – Moving To “All-In” – March 20, 2020
· Weekly Macro Strategy ·
Deeply oversold conditions and massive policy reflation can help to calm the panic.
Webcast – Top 5 Client Requests Of The Month (19min:00sec) – February 26, 2020
Webcasts ·
. In this week’s Webcast, Warren Smith and Santiago Espinosa discuss the top five queries from clients in the past month, including the virus.
In this week’s Webcast, Peter Perkins takes a close look at return on equity in the major markets over the past decade and highlights some important drivers and considerations for valuations.
Weekly Macro Strategy – Looking Across The Valley, Again – February 7, 2020
· Weekly Macro Strategy ·
Global manufacturing and trade have been showing clear signs of starting to recover, at least until the coronavirus hit.
Equities – Canadian Equities: Cold Carbon Comfort – February 7, 2020
Equities ·
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Webcast – Another Test Of The Investment Cycle (9min:04sec) – February 5, 2020
Webcasts ·
In this week’s Webcast, Peter Perkins discusses the outlook for capital markets in the coming 6-12 months and appropriate positioning in light of underlying fundamentals and the uncertain impact of the coronavirus.
Absolute Return Strategy – Trading Manias & Crashes – January 29, 2020
Absolute Return · ·
Global equities stumbled in the last week after surging over the past year.
Absolute Return Strategy – MRB TradeBook Track Record: 2019 Review – January 29, 2020
Absolute Return ·
Add to Favorite Reports In 2019, we leaned against repeated calls for an imminent recession, which benefited… Continue