Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021


uk

 

Weekly Macro Strategy – Early Cycle, Or Late Cycle? – July 30, 2021
Weekly Macro Strategy · 

Global risk asset markets remain well supported by the economic and policy backdrop.



 

Equities – Global Earnings: Catch Up Or Stick With Mo? – July 30, 2021
Equities · 

 Add to Favorite Reports  



 

Momentum – MRB Cyclical Momentum Indicator: Gauging Technical Conditions – July 21, 2021
Absolute Return ·  · Asset Allocation · 

The MRB Cyclical Momentum Indicator (MRB CMI) helps investors understand which markets have the biggest technical downside risk as well as upside potential ahead.



 

Weekly Macro Strategy – Be Careful Extrapolating Last Decade’s Trends – July 9, 2021
 · Weekly Macro Strategy · 

We remain mildly pro-growth in terms of investment positioning. However, using the 2010s’ playbook for investing this decade will not pan out well.



 

Regional Equities – A Pause In The Pro-Cyclical Regional Rotation – July 8, 2021
 · Equities · 

The more cautious tone in equity markets in recent weeks should eventually give way to a return to pro-cyclical country and sector investor preferences in response to robust global growth.



 

Asset Allocation Strategy – Sustaining The Unsustainable – July 2, 2021
 · Asset Allocation · 

The basic narrative for capital markets remains generally positive for risk assets.



 

Global Foreign Exchange – U.S. Dollar: A Pause Before Resuming A Downward Glide – July 1, 2021
 · Foreign Exchange · 

The U.S. dollar is still consolidating last year’s losses as massive U.S. fiscal stimulus continues to support relative growth conditions and is now igniting a slightly more hawkish stance by the Fed.



 

Webinar – Long-Term Returns: A Challenging Road Ahead – (78min:38sec) – June 30, 2021
Webcasts, Webinars & Roundtables · 

Today’s Webinar features MRB’s Global Asset Allocation Strategist, Peter Perkins, discussing MRB’s long term returns framework.



 

Weekly Macro Strategy – A (Brief) Taste Of Risk-Off – June 25, 2021
 · Weekly Macro Strategy · 

The recent pause in the cyclical uptrend in bond yields may persist for a while longer, but time is not on the side of bond bulls.



 

Global Fixed Income – Too Early To Bail On Yield Curve Steepeners – June 24, 2021
 · Fixed Income · 

Last week’s FOMC meeting triggered some volatility in the bond market and across risk assets.



 

Long-Term Returns – A Challenging Road Ahead – June 22, 2021
Absolute Return ·  · Asset Allocation · 

The poor starting point for equity, bond, credit, and commodity valuations points to subpar returns on balanced portfolios over the next decade, even as the global economy expands at a reasonable pace.



 

Weekly Macro Strategy – Strong Global Growth, But No Inflation? – June 18, 2021
 · Weekly Macro Strategy · 

The global economic recovery is accelerating. Although China’s growth rate has now moderated, the U.S. is likely to continue to boom and Europe is set to catch up.



 

Equities – The U.S. Will Bear The Burden Of A Global Minimum Tax – June 11, 2021
Equities · 

 Add to Favorite Reports  



 

Asset Allocation Strategy – Beware Too Much Good News – June 4, 2021
 · Asset Allocation · 

Markets have already priced in a lot of good news, but there is good news still to come.



 

Weekly Macro Strategy – Breakouts And Breakdowns – May 21, 2021
 · Weekly Macro Strategy · 

The mild risk-off phase should persist in the near run.



 

Webinar – MRB’s Big Picture Themes – (73min:46sec) – May 12, 2020
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar and Warren Smith, examined the major macro and investment trends that will be key to generating outsized portfolio returns over the next several years.



 

Asset Allocation Strategy – As Good As It Gets – May 7, 2021
 · Asset Allocation · 

The aggressive monetary and fiscal support of the past year helped bring forward and fortify the robust rebound in capital markets relative to underlying economic growth conditions.



 

Weekly Macro Strategy – A Durable Trend, Not A One-Off – April 30, 2021
 · Weekly Macro Strategy · 

Led by the U.S., the global economic recovery continues to strengthen on the back of increased vaccinations.



 

Equities – A Weaker Dollar Will Eventually Favor Unhedged Non-U.S. Equities – April 30, 2021
Equities · 

 Add to Favorite Reports  



 

Weekly Macro Strategy – Bumps, But No Derailing – April 23, 2021
 · Weekly Macro Strategy · 

Global economic prospects are steadily improving, although investors should expect periodic minor setbacks until the pandemic truly recedes.



 

Foreign Exchange – Is The GBP Rally Over? – April23, 2021
Foreign Exchange · 

 Add to Favorite Reports  



 

Weekly Macro Strategy – Risk Assets Benefit As The Rise In Treasury Yields Pauses – April 9, 2021
 · Weekly Macro Strategy · 

Global growth is strengthening and broadening, helping to sustain rising earnings expectations.



 

Webcast – A Consolidation Or Correction Phase Is Overdue – (12min:45sec) – April 7, 2021
Webcasts, Webinars & Roundtables · 

In this week’s webcast, Peter Perkins discusses the outlook for capital markets on a 6-12 month horizon and MRB’s asset allocation recommendations.



 

Asset Allocation Strategy – Capital Markets Begin Re-Aligning To Fundamentals – April 1, 2021
 · Asset Allocation · 

The overbought global S/B ratio signals increasing risk of a near-term correction or consolidation phase, but underlying economic fundamentals remain quite positive.



 

Global Foreign Exchange – How Long Will U.S. Dollar Resilience Last? – March 30, 2021
 · Foreign Exchange · 

The short-term outlook for the U.S. dollar remains mildly positive on the back of stronger relative growth (boosted by massive fiscal spending) and still oversold conditions (except versus the euro).



 

Weekly Macro Strategy – Hitting A Fog Patch – March 26, 2021
 · Weekly Macro Strategy · 

This week’s PMI flashes confirmed that the global expansion is both broadening and strengthening.



 

Regional Equities – The Window For Regional Rotation Opens Wider – March 25, 2021
 · Equities · 

The massive U.S. fiscal stimulus will provide a major boost to the global economy and corporate earnings in markets and sectors highly geared to global trade.



 

Theme – MRB’s Overview Of Key Investment Themes (Part III) – March 24, 2021
 · Themes · 

This is Part III of an update of the big-picture themes that form the foundation for MRB’s longer-term investment strategy.



 

Economy & Policy – The Treacherous Path To U.K. Fiscal Sustainability – March 18, 2021
 · Economics & Policy · 

The U.K. is experiencing the third major episode of rising public sector net debt over the past century, although the prior two occurred amidst and in the aftermath of world wars.



 

Webcast – The Rebirth Of The Bond Vigilante – (10min:49sec) – March 17, 2021
Webcasts, Webinars & Roundtables · 

In this week’s Webcast, Phillip Colmar discusses the recent sharp selloff in government bonds and the ramifications for investment strategy.