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



 

Webcast – Equity Rotation: Stronger Global Growth Is The Necessary Condition – (10min:12sec) – September 30, 2020
Webcasts · 

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.



 

Webcast – Buybacks Are An Important Factor In The U.S. ROE Advantage (11min:53sec) – February 19, 2020
Webcasts · 

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