U.S. Equities – U.S. Banks: Taking Stock Of The Earnings Drivers – January 21, 2021


developed-markets

 

U.S. Equities – U.S. Banks: Taking Stock Of The Earnings Drivers – January 21, 2021
 · Equities · 

U.S. bank stocks have soared in recent months, boosted by positive vaccine news, a steepening yield curve, and the Fed’s decision in December to reverse the ban on share buybacks for the largest banking institutions.



 

U.S. Equities – Long-Term Tailwinds Will Fade – January 20, 2020
 · Equities · 

Several of the tailwinds that powered equities during the last economic expansion and over the past four decades are set to fade in the years ahead.



 

Webcast – Why The Premium For Spot Delivery In An Oversupplied Oil Market?- (4min:52sec) – January 19, 2021
Webcasts · 

In today’s Webcast Mehran Nakhjavani tackles the curious recent emergence of backwardation in the forward curves for crude oil.



 

Weekly Macro Strategy – Extrapolating Can Be Dangerous – January 15, 2021
 · Weekly Macro Strategy · 

The recent stall in U.S. employment trends underscores the need for rapid vaccinations to clear the path to a self-reinforcing global economic expansion.



 

Economy – U.S. Inflation: The Near-Term Upside Will Fade, But… – January 15, 2021
 · Economics & Policy · 

Cyclical U.S. growth prospects have improved on the back of COVID-19 vaccine approvals and the increased odds for additional fiscal stimulus.



 

Fixed Income – U.S. Treasury Yields: Starting The Year With A Pop – January 15, 2021
Fixed Income · 

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Webcast – Froth And Fundamentals – (10min:36sec) – January 13, 2021
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins discusses the outlook for capital markets and highlights MRB’s current recommended positioning for multi-asset portfolios.



 

Absolute Return Strategy – Selectivity After The Runup – January 12, 2021
Absolute Return · 

This report focuses on positioning around the potential for some near-term turbulence in global equity markets following the recent sharp upleg.



 

Absolute Return Strategy – MRB TradeBook Track Record: 2020 Review – January 12, 2021
Absolute Return · 

 Add to Favorite Reports2020 provided a rollercoaster ride in many financial asset markets, as investors were forced… Continue



 

Asset Allocation Strategy – The Inevitable Test Of Investor Nerves – January 8, 2021
 · Asset Allocation · 

Risk assets are already discounting a very favorable multi-year macro outlook and are expensive based on historical metrics.



 

Webcast – U.S. Economy: A Bridge To A Brighter Future – (6min:49sec) – January 5, 2021
Webcasts · 

In this week’s Webcast, Prajakta Bhide discusses MRB’s above-consensus U.S. economic outlook.



 

Webinar – Best Ideas For 2021 – (83min:39sec) – December 23, 2020
Webcasts · 

In this Webinar, MRB’s senior research team provided a series of high-conviction and non-consensus ideas for setting investment strategy in 2021.



 

U.S. Sector Strategy – 2021 Outlook: From Rally To Rotation – December 23, 2020
 · Equities · 

The expected widespread rollout of COVID-19 vaccines has boosted the outlook for the global economy.



 

Economy – U.S. Economic Outlook: An Upside Surprise Awaits – December 22, 2020
 · Economics & Policy · 

This report updates our U.S. economic outlook to account for recent progress on vaccinations against COVID-19, and the long-awaited forthcoming round of fiscal stimulus.



 

Regional Equities – Outlook 2021: Piecemeal Rotation – December 22, 2020
 · Equities · 

The improving economic outlook is positive for equites overall, although it is already well-discounted in share prices (most notably in the U.S.).



 

Weekly Macro Strategy – Play The Cycle, Not The Countertrend Moves – December 18, 2020
Weekly Macro Strategy · 

Near-run economic disappointments in the U.S. and Europe could trip up equity markets and trigger a bounce in the U.S. dollar.



 

Fixed Income – Euro Area: Scope For Higher Inflation Despite Euro Strength – December 18, 2020
Fixed Income · 

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Equities – U.K.: Any Brexit Deal Will Help – December 18, 2020
Equities · 

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Global Foreign Exchange – Navigating Currency Markets In 2021 – December 17, 2020
 · Foreign Exchange · 

The U.S. dollar is currently oversold and may be setting up for a bounce, but the cyclical trend remains down and its longer-term appeal is fading.



 

Absolute Return Strategy – Positioning For 2021 – December 16, 2020
Absolute Return ·  · 

The COVID-19 pandemic took global policy and the economy hostage in 2020.



 

Webcast – 2021 Commodities Outlook: Demand Improves, What About Supply? – (8min:41sec) – December 16, 2020
Webcasts · 

In today’s Webcast Mehran Nakhjavani discusses the growth of the global economy in 2021 will be far better than it was in 2020.



 

Weekly Macro Strategy – A High-Wire Act – December 11, 2020
 · Weekly Macro Strategy · 

We remain mildly pro-growth in terms of our investment strategy, favoring a gradual rotation in holdings out of the U.S. (currency and equities).



 

Equities – Global Equities: Excessive Long-Term Earnings Optimism – December 11, 2020
Equities · 

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Commodities – Industrial Metals: More Upside, But Barely Worth Chasing – December 11, 2020
Commodities · 

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Global Fixed Income – 2021 Outlook: Bond Supports Slowly Fade – December 10, 2020
 · Fixed Income · 

We enter 2021 with a constructive pro-growth fixed-income positioning, albeit with measured return expectations.



 

Webcast – Outlook 2021: Guarding Against Exuberance – (12min:27sec) – December 10, 2020
Webcasts · 

In this week’s Webcast, MRB strategist Peter Perkins discusses the 2021 outlook for multi-asset investing and appropriate positioning.



 

Economy – U.S.: A Restocking Boost Next Year – December 9, 2020
 · Economics & Policy · 

U.S. inventories experienced a deep drawdown in the first half of this year, amid COVID-19 distortions to demand as well as production/supply chain disruptions.



 

U.S. Equities – Revisiting Two Ideas – December 8, 2020
 · Equities · 

Our strategy this year has been to take a barbell approach to positioning U.S. equity portfolios, with selective bets on cyclicals and defensives/growth equities.



 

Asset Allocation Strategy – Outlook 2021: Rotation Or Bust – December 4, 2020
 · Asset Allocation · 

Speculative fever has taken hold, with equities, credit, industrial metals prices and cryptocurrencies surging in the past month on optimism about the economic outlook following positive news on COVID-19 vaccines.



 

Economy – Will U.S. Consumption Soon Drop Off A Fiscal Cliff? – December 1, 2020
 · Economics & Policy · 

While recent progress on COVID-19 vaccines has lifted prospects for U.S. growth in the second half of 2021