3.14.18

Income + Tariffs + Inflation = Underperformance

Many income-oriented investors may not be appropriately positioned for the current market environment, with increasing inflation and looming tariffs poised to lead to significant underperformance.

Download PDF

2.9.18

Gee, this time isn't different

Successful investing in this cycle has depended largely on following the business cycle and ignoring the myriad of fears. As the economy enters a late-cycle phase, investors need to recognize the characteristics of a late-cycle environment and how to accordingly position portfolios.

Download PDF

1.18.18

Bonds' day of reckoning

In the 9th year of this bull market, investors remain overweight bonds in an environment poised to drastically limit fixed income returns. It’s time to avoid bonds’ day of reckoning.

Download PDF

12.12.17

Some thoughts on 2018

2017 turned out to be a better year for the stock market than most investors surmised. For 2018, we yet again see investors avoiding one of the longest post-war bull markets in history and continuing to ignore the fundamentals driving markets higher.

Download PDF

11.13.17

Tech's dirty little secret: it's a cyclical sector

While Tech remains one of RBA’s largest overweight sectors in our portfolios, one thing to consider is the sector’s dirty little secret: it’s really a deep cyclical.  

Download PDF

10.10.17

Short-term volatility vs. full-blown bear market

2008 may have generationally scarred investor psychology. As a result, many continue to disavow the current bull market and instead heed warnings of an impending bear market. We argue that fundamentals remain strong and the global equity markets are rife with opportunity.

Download PDF

9.14.17

Losing Religion

Many investors no longer view the US as the global safe haven to turn to during bouts of volatility. We argue that US and global fundamentals remain strong, however, many global investors seem to be losing religion.

Download PDF

8.7.17

Charts for the Beach -2017

It’s time again for RBA’s annual ‘Charts for the beach,’ where we highlight what consensus is currently missing.

Download PDF