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Weekly Macro Strategy – Back To Pre-SVB Levels? – March 31, 2023
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Weekly Macro Strategy – Back To Pre-SVB Levels? – March 31, 2023
· Weekly Macro Strategy ·
We remain constructive on global economic prospects for the next 6-12 months, and do not expect much fallout from this month’s banking problems.
Webcast – The Toppling Of Economic Dominos – (8min:26sec) – March 30, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar provides a contrast between the current macro environment compared to that of the 2010s.
Regional Equities – Late-Cycle Positioning – March 30, 2023
· Equities ·
Equity prices have been under pressure in recent weeks, but we expect the banking sector stresses to soon die down and for the global economic expansion to continue at a moderate pace.
Global Fixed Income – Snapping Weak Links – March 29, 2023
· Fixed Income ·
Volatility in the U.S. and G7 government bond markets has surged again in response to U.S. and European banking system strains.
Economy – U.S. Bank Outflows: Not That Alarming For The Economy – March 29, 2023
· Economics & Policy ·
This report takes a closer look at flows out of U.S. banks and into money market funds in the aftermath of the heightened banking sector stress that followed from two prominent bank failures earlier this month.
Weekly Macro Strategy – More Bumps On The Road To The Finish Line – March 24, 2023
· Weekly Macro Strategy ·
Fragile sentiment relating to banks may linger for a while longer, but DM regulators will ultimately do whatever it takes to restore confidence in their banking systems…
MRB TradeBook – Rapid Volatility Shift – March 24, 2023
Absolute Return ·
Add to Favorite Reports Angst associated with the potential for a global banking crisis has diminished a… Continue
U.S. Equities – Changes To The GICS® Structure: What Investors Need To Know – March 22, 2023
· Equities ·
Changes to the Global Industry Classification Standard (GICS®) will be made in the coming months.
Weekly Macro Strategy – Tip Of The Iceberg, Or Only A Brief Interruption? – March 17, 2023
· Weekly Macro Strategy ·
The risk-off backdrop could persist in the near term, until banking fears start to subside.
Fed Policy – Juggling Mandates Will Not Lead To Rate Cuts This Year – March 17, 2023
Economics & Policy ·
Add to Favorite Reports
Absolute Return Strategy – Interest Rate Normalization & Global Financial Stocks – March 15, 2023
Absolute Return · ·
There are still widespread recession concerns, entrenched optimism on much lower inflation, and investors are generally confused about where we are in the economic and investment cycle.
Webcast – U.S. Bank Stocks: Idiosyncratic Rather Than Systemic Risks – (9min:29sec) – March 14, 2023
Webcasts & Webinars ·
In this week’s Webcast, Salvatore Ruscitti discusses the implications of recent developments in the banking industry and their impact on U.S. bank stocks.
Weekly Macro Strategy – A Widening Gap: Deleveraged Versus Weak Link Economies – March 10, 2023
· Weekly Macro Strategy ·
The risk-on phase seems likely to persist for as long as DM long-term bond markets are relatively calm, because recently only the short-end of the curve has reacted to rising policy rate expectations.
MRB TradeBook – Taking Profits – March 10, 2023
Absolute Return ·
Add to Favorite ReportsMarket volatility has caused us to take profits on three positions this week, these… Continue
U.S. Equities – Bank Stocks: Addressing Three Popular Questions – March 9, 2023
· Equities ·
Rising interest rates bring both opportunities and risks for the banking industry.
Webcast – Fed Whipsaw – (11min:07sec) – March 8, 2023
Webcasts & Webinars ·
In this week’s Webcast, global strategist Peter Perkins discusses the outlook for capital markets over the next 6-12 months and MRB’s recommended asset allocation.
Global Foreign Exchange – A Different Year For The U.S. Dollar – March 7, 2023
· Foreign Exchange ·
The U.S dollar decline has stabilized as of late on the back of a further rise in U.S. interest rates compared to other markets and related risk-off phase.
Asset Allocation Strategy – Bonds Hold The Whip Hand – March 3, 2023
· Asset Allocation ·
The global economy may be firming, but good economic news is now bad news for bonds, and in turn, risk assets.
MRB TradeBook – New Equity Pair Trade – March 3, 2023
Absolute Return ·
Add to Favorite ReportsLong U.S. Industrials Vs Consumer Discretionary Stocks: U.S. industrials have started to outperform their… Continue
Economy – U.S. Housing: Premature Optimism – March 2, 2023
· Economics & Policy ·
U.S. housing market activity dropped sharply alongside higher mortgage rates last year…
Weekly Macro Strategy – Service Sectors Gain Momentum, Bond Yields Are Next – February 24, 2023
· Weekly Macro Strategy ·
The global economic outlook has brightened: service sector activity is strengthening, especially in the euro area and Asia.
Global Equities – Elevated Cyclically-Adjusted Valuations Underscore Risk – February 23, 2023
· Equities ·
Equity valuations are often elevated toward the end of economic expansions when investor sentiment is optimistic, and earnings are high, which is the case today.
Webcast – Equity Dilemma: Stronger Economy Vs Higher Bond Yields – (10min:05sec) – February 22, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar focuses on the major macro forces driving equities and bonds and narrows in on the current outlook for investment strategy.
Foreign Exchange – Gold Or Cryptos: Which One Is More Appealing? – February 21, 2023
· Foreign Exchange ·
The pause in bond yields late last year encouraged global equity investors to embrace risk-on across the board…
Weekly Macro Strategy – Markets Are Still Betting On 2% Inflation – February 17, 2023
· Weekly Macro Strategy ·
The tactical risk-on phase should persist until DM government bond yields break out on the upside.
MRB TradeBook – Taking A (Tactical) Profit – February 17, 2023
Absolute Return ·
Add to Favorite ReportsLong U.S. 10-Year Treasury: This tactical position was stopped out this week with a… Continue
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Equities – Global Trade Is Key To The Earnings Outlook – February 16, 2023
· Equities ·
There remains considerable uncertainty about the economic outlook, but we have been and remain more constructive than the consensus…
Policy – U.S. CPI: A Bit More Heat Than Meets The Eye – February 16, 2023
· Economics & Policy ·
Year-over-year core CPI inflation has eased and will continue to decline this year, but the January CPI report underscored that the road will be bumpy.
Webcast – Profiting From Understanding The Cycle – (7min:42sec) – February 14, 2023
Webcasts & Webinars ·
In this Webcast Phillip Colmar focuses on the economic and investment cycles.