Articles

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  MRB on Business Insider – Oracles of Wall Street – December 18, 2024

  Phillip Colmar, Managing Partner, was featured in Business Insider’s Oracles of Wall Street list once again for 2024!

  Colmar leaned against the overwhelming market consensus that the Fed was poised to slash rates early in the year.

  He said in January that the economy didn’t require rate cuts, and that the Fed signaling them would essentially lead to a scenario where financial conditions eased materially, supporting risk-taking, strong economic growth, and making inflation stickier. This would delay Fed rate cuts and hinder its ability to easy substantially.

  View article: Click Here, Business Insider

   

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  MRB on CNBC – November 24, 2024

  ‘U.S. equities, the dollar and Treasury yields have all risen sharply in response to better-than-expected U.S. economic data and have received an additional boost from the election outcome,’ said MRB Partners global strategist Phillip Colmar. ‘However,’ he added,’investors should be careful not to be dogmatic in their views and positioning since the policies proposed by President-elect Trump are a conflicting mix of pro-growth fiscal stimulus and stagflationary isolationism.’

  View article: Click Here

   

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  MRB on CNBC – October 25, 2024

  “Earnings are decent and central banks are cutting, which is positive for equities” said Phillip Colmar, Managing Partner at MRB Partners. “However, the rates that matter right now are bond yields, which are rising”. 

  View article: Click Here, CNBC

   

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  MRB on Investing.com – September 19, 2024

  MRB Partners’ U.S. Strategist Prajakta Bhide noted that the Fed is underestimating the strength of the economy and inflation and “the risk is that the Fed will have to backtrack on rate cuts later this year or in 2025, similar to the policy error made in 2021”. 

  View article: Click Here, Investing.com

   

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  MRB on CNBC – September 10, 2024

  “Today is a bit of the defensive rotation getting overdone,” said Phillip Colmar, global strategist at MRB Partners. “You end up with a lot of volatility as people get back from the summer, because we had markets positioned in a way that was set up for a lot — in the sense that we had high tech flyers and the Fed trying to justify rate cuts.”

  View article: Click Here, CNBC

   

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  MRB on MarketWatch and Morningstar – August 16, 2024

  “Aggressively selling stocks on the notion that Fed rate cuts are bad for risk assets is premature based on the weight of the economic evidence” notes Salvatore Ruscitti, U.S. equity strategist at MRB Partners.

  View article: Click Here, Morningstar

   

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  MRB on Investing.com – May 17, 2024

  Phillip Colmar, Managing Partner at MRB Partners noted that investors continued to buy bonds on bets for a deep Fed rate-cutting cycle, but these hopes are misplaced, as the economy is solid and inflation remains sticky.

  View article: Click Here, Investing.com

   

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  MRB on Kiplinger – May 15, 2024

  Phillip Colmar, MRB Partners Global Strategist, noted that the latest CPI release provided the Fed and bond investors some temporary comfort after the reacceleration in Q1, but inflation remains sticky at elevated levels, which will limit the window for rate cuts.

  View article: Click Here, Kiplinger

   

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  MRB on CNBC – May 15, 2024

  MRB Partners U.S. Equity Strategist Salvatore Ruscitti noted that the market’s initial focus on the lack of upside surprises in net interest income for U.S. banks was shortsighted and missed the more important takeaway, which is that the outlook for overall bank earnings is one of ongoing resiliency. 

  View article: Click Here, CNBC

   

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  MRB on Investing.com and msn – May 14, 2024

  MRB Partners global strategist Phillip Colmar spoke with Investing.com following the most recent Federal Reserve meeting. He noted that the data is likely to temporarily ebb in support of the Fed’s dovish bias, but that the underlying trend of solid economic growth and sticky inflation will persist, limiting the central bank’s ability to cut.

  View article: Click Here, Investing.com, msn

   

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  MRB on WSJ and msn – April 26, 2024

  “The bond market is waking up to the fact that inflation is stickier than we thought,” said Phillip Colmar, managing partner at the research firm MRB Partners. “That is causing a lot of volatility in equities.” Whereas optimism for a so-called soft landing of the economy buoyed a broad array of stocks starting late last year, Colmar expects choppy waters ahead.  “It is not a buy-everything rally now,” he said. 

  View article: Click Here, WSJ, msn

   

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  MRB on MarketWatch – April 25, 2024

  “The market is very attuned to inflation because Powell said the Fed doesn’t have enough evidence of inflation easing,” said Phillip Colmar of MRB Partners. “The components that drive inflation, were above trend in the GDP release, so he’s not going to have the confidence he needs to cut rates.”

  View article: Click Here, MarketWatch

   

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  MRB on Investing.com and msn – April 19, 2024

  “We would not add gold exposure at current prices, and view it as vulnerable on a 6-12 month horizon as forward markets will further unwind Fed rate cut expectations and bond yields have more upside,” Strategists at MRB Partners said in a Friday note.

  View article: Click Here, Investing.com, msn

   

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  MRB on CNBC – April 18, 2024

  “The prevailing consensus is that inflation’s recent pickup is an anomaly, and that inflation will return to its low pre-pandemic run-rate ahead,” says MRB Partners. “The last three CPI reports support MRB’s view that the consensus is mistaken.”

  View article: Click Here, CNBC, CNBC LA

   

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  MRB on Pension & Investment – April 17, 2024

  However, Peter Perkins, partner, global strategy and regional equities at research firm MRB Partners, cautioned that Japanese stocks are overbought and therefore vulnerable to a consolidation or correction phase.

  View article: Click Here, Pensions & Investment