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Strategist's Corner
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Strategist's Corner
Market observations and investment outlook by MFS' Global Investment Strategist Rob Almeida
Strategist's Corner | READ22 April 2024Inflation Surprise? No, Not Really
The market is currently correcting mistaken assumptions that were based on a market cycle driven by artificially low interest rates. As market dynamics shift, the source of a company's growth will also shift.
Strategist's Corner | READ16 April 2024A Different Paradigm
As the world shifts away from one of artificially suppressed interest rates and cheap manufacturing, investors will need to carefully consider how companies are positioned to navigate the new higher-cost paradigm.
Strategist's Corner | READ21 February 2024Indexing Dilutes Capitalism
Rob Almeida examines how indexation has amplified the disconnect between valuations and fundamentals.
Strategist's Corner | READ25 January 2024Great Expectations
Financial markets appear optimistic to start the year, while investors currently believe inflation will slow, rates fall, and profits rise. Rob Almeida explains why those beliefs may be contradictory.
Strategist's Corner | READ5 December 2023How the Capital Cycle Could Impact 2024
How might investors think about the year ahead? The capital cycle fuels the engine of progress, but it can also create excesses and inefficiencies. Rob examines why that’s relevant today and going forward.
Strategist's Corner | READ20 November 2023The End of Declining Capital Intensity
Rob Almeida examines how a shift from supply chain efficiency to resiliency will likely affect a company's return on capital. What type of companies are positioned to navigate this paradigm shift, and which companies are not?
Strategist's Corner | READ23 October 2023The Far-Flung Past is Prologue
The negative stock/bond correlation from 1998 until 2019 was the anomaly, not the positive relationship that began in 2022. While correlations of asset classes normalize, the importance of security selection and manager allocation will matter immensely.
Strategist's Corner | READ13 October 2023Either Stocks or Bonds are Wrong
Real yields in the US are either too high or equity valuations are well above fair value. Investors who can understand which enterprises possess real value and those that do not, will find themselves in an enviable position compared with the broader market.
Strategist's Corner | Watch24 August 2023A Mid-Year Conversation on the Economy | Transcript
Global Investment Strategist Rob Almeida and Chief Economist Erik Weisman discuss the current state of the economy, including how the shifting dynamics of inflation and recession are affecting the marketplace.
Strategist's Corner | READ31 July 2023The Increasing Need to Reach Deeper Into the Tool Box
We have begun a new regime, where investors will need to do a lot more homework and may find it advantageous to use a mosaic of not only valuation, but also fundamental tools, to help guide the way through this cycle.
Strategist's Corner | READ26 May 2023Equities Ignore Recession, Profit Risks
With the financial markets sending mixed signals, how can investors make sense of it all? For equity investors, it is of paramount importance to closely monitor the potential effects of increasing financial stresses on earnings expectations.
Strategist's Corner | READ11 May 2023Markets are Distracted
Rob Almeida warns that headlines are often distractions. It's not that they're not important, it's just that they're a small part of a larger mosaic.
LISTEN ON
Strategist's Corner | LISTENFebruary 7, 2024Three Out of Four Ain't Bad | Transcript
Rob Almeida and Brad Rutan discuss in this podcast how investors are pricing in a favorable outlook for the economy, interest rates, inflation and earnings and the implications for the markets if some of those fail to live up to expectations.
LISTEN ON
Strategist's Corner | LISTENAugust 2, 2023Local Currency EMD: Uncovering a New Opportunity Set | Transcript
Emerging markets debt portfolio manager Ward Brown joins Rob for this podcast to dig into the uniqueness of local emerging markets debt investing, the trajectory of EM economies and business cycles, and potential opportunities going forward.
LISTEN ON
Strategist's Corner | LISTENJuly 20, 2023A Mid-Year Conversation on the Economy | Transcript
In this special mid-year podcast, Rob is joined by MFS Chief Economist Erik Weisman to discuss all things around the economy, including the rate of inflation, probability of recession, and other trends that may affect the financial markets and assets.
LISTEN ON
Strategist's Corner | LISTENJune 27, 2023Artificial Intelligence: The Next Technological Tectonic Shift? | Transcript
In this podcast, equity portfolio manager Brad Mak and Rob Almeda, global investment strategist, discuss how the commercial application of artificial intelligence may affect - enhance, be neutral to, or detract from - companies over the next three to five years.
LISTEN ON
Strategist's Corner | LISTENApril 15, 2024Signs of the Time: Making Sense of a World in Transition | Transcript
Rob Almeida is joined by Bill Gevov, MFS Senior Regional Consultant, in this podcast episode to discuss topics that are top of minds for many across the investment community, including the direction of interest rates, the impact of shifting global dynamics, and how investors may want to think about the effects of AI going forward.
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Week in Review
Week in Review
Week in Review | READ26 April 2024US Inflation Stays Stubbornly High
A review of the week’s top global economic and capital markets news.
Week in Review | READ19 April 2024China’s Q1 GDP strong, but other indicators point to weakness
A review of the week’s top global economic and capital markets news.
Week in Review | READ12 April 2024Amid Sticky Inflation, Fewer, Later Rate Cuts Expected
A review of the week’s top global economic and capital markets news.
Week in Review | READ5 April 2024You Can’t Hurry Cuts. You Just Have to Wait.
A review of the week’s top global economic and capital markets news.
Week in Review | READ28 March 2024US Economy Finished 2023 Strong
A review of the week’s top global economic and capital markets news.
Week in Review | READ22 March 2024Fed Turns Dovish, BOJ Hikes
A review of the week’s top global economic and capital markets news.
Week in Review | READ15 March 2024Inflation’s Last Mile Gets Bumpier
A review of the week’s top global economic and capital markets news.
Week in Review | READ8 March 2024Powell Looks Past Inflation Uptick
A review of the week’s top global economic and capital markets news.
Week in Review | READ1 March 2024Markets Mark Time Ahead of Big Data Week
A review of the week’s top global economic and capital markets news.
Week in Review | READ23 February 2024Tech Earnings Rekindle AI Enthusiasm
A review of the week’s top global economic and capital markets news.
Week in Review | READ16 February 2024Inflation Uptick Dampens US Rate Cut Outlook
A review of the week’s top global economic and capital markets news.
Week in Review | READ9 February 2024China Intervenes to Support Stocks
A review of the week’s top global economic and capital markets news.
Week in Review | READ2 February 2024Rate Cut Hopes Dim Amid Strong US Data
A review of the week’s top global economic and capital markets news.
Week in Review | READ26 January 2024US Economic Growth Beats Expectations
A review of the week’s top global economic and capital markets news.
Week in Review | READ19 January 2024Market Moderates Rate-Cut Outlook
A review of the week’s top global economic and capital markets news.
Week in Review | READ12 January 2024Tame US PPI Offsets Hot CPI
A review of the week’s top global economic and capital markets news.
Week in Review | READ5 January 2024Rate Cut Expectations Trimmed
A review of the week’s top global economic and capital markets news.
Week in Review | READ22 December 2023Markets Extend Gains Ahead of Holidays
A review of the week’s top global economic and capital markets news.
Week in Review | READ15 December 2023Powell Ponders Pivot
A review of the week’s top global economic and capital markets news.
Week in Review | READ8 December 2023Solid US Jobs Report Cools Rate Cut Speculation
A review of the week’s top global economic and capital markets news.
Week in Review | READ1 December 2023A November to Remember!
A review of the week’s top global economic and capital markets news.
Week in Review | READ22 November 2023Stocks Extend Nearly Month-Long Rally
A review of the week’s top global economic and capital markets news.
Week in Review | READ17 November 2023Markets Price a Quicker Fed Pivot
A review of the week’s top global economic and capital markets news.
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Market Pulse
Market Pulse
Timely insights into the market dynamics on your mind today
Market Pulse | READ4 April 2024Market Pulse
Leveraging the expertise from the MFS Market Insights team to provide timely perspectives on economic and market dynamics that are top of mind for clients.
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Market Insights
Market Insights
A summary of MFS' views on equity and fixed income asset classes across countries and regions
Market Insight | READ28 March 2024Drugs Over Diet: Recent Advances in the Weight Loss Drug Category
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
Market Insight | READ31 January 2024MFS Digest: January 2024
The MFS Digest summarizes key market themes and topics affecting investors and features related thought leadership from across MFS.
Market Insight | READ22 January 2024MFS Long-Term Capital Market Expectations: January 2024
The January 2024 edition of MFS' Long-Term Capital Market Expectations includes proprietary expectations that look at return and risk across a variety of asset classes and regions. This version is presented in US Dollar terms and details our market expectations and our view of current economic and capital market conditions.
Market Insight | READ5 January 20242024 6 Key Themes
Forward-looking snapshot of what we believe will be relevant and may influence the markets and economy.
Market Insight | Watch4 August 2023Top Risks and Opportunities Beyond the Headlines | Transcript
MFS joins Eurasia Group to discuss geopolitical risks and opportunities and what they mean for asset allocation.
Market Insight | READ24 July 2023Dude, Where's My Recession?
MFS Chief Economist provides perspective on the current economy, central bank thinking, and the trajectory of a potential recessionary environment.
Market Insight | READ21 July 2023Beyond the Headlines: Accelerated Risk and Opportunities for Investors
In this era of volatility, what are the implications for asset allocation and what risk and opportunities sit beyond the headlines? In partnership with Eurasia Group, a geopolitical risk firm that helps clients understand and navigate the changing global landscape, MFS uncovers the major implications on emerging technologies and energy transition.
Market Insight | READ12 June 20232023 Mid-Year Outlook
MFS Global Investment Strategist Rob Almeida offers a mid-year perspective on the global equity and fixed income markets.
Market Insight | READ9 June 2023A New Paradigm for Institutional Investing
Kim Hyland, Head of Global Institutional Relationship Management, and Rob Almeida, Global Investment Strategist, examine current trends affecting institutional investors and explain why the environment ahead will be fundamentally different than the past couple of decades.
- Investment Professional
- Insights
- Market Insights
Strategist's Corner
Market observations and investment outlook by MFS' Global Investment Strategist Rob Almeida
Inflation Surprise? No, Not Really
The market is currently correcting mistaken assumptions that were based on a market cycle driven by artificially low interest rates. As market dynamics shift, the source of a company's growth will also shift.
A Different Paradigm
As the world shifts away from one of artificially suppressed interest rates and cheap manufacturing, investors will need to carefully consider how companies are positioned to navigate the new higher-cost paradigm.
Indexing Dilutes Capitalism
Rob Almeida examines how indexation has amplified the disconnect between valuations and fundamentals.
Great Expectations
Financial markets appear optimistic to start the year, while investors currently believe inflation will slow, rates fall, and profits rise. Rob Almeida explains why those beliefs may be contradictory.
How the Capital Cycle Could Impact 2024
How might investors think about the year ahead? The capital cycle fuels the engine of progress, but it can also create excesses and inefficiencies. Rob examines why that’s relevant today and going forward.
The End of Declining Capital Intensity
Rob Almeida examines how a shift from supply chain efficiency to resiliency will likely affect a company's return on capital. What type of companies are positioned to navigate this paradigm shift, and which companies are not?
The Far-Flung Past is Prologue
The negative stock/bond correlation from 1998 until 2019 was the anomaly, not the positive relationship that began in 2022. While correlations of asset classes normalize, the importance of security selection and manager allocation will matter immensely.
Either Stocks or Bonds are Wrong
Real yields in the US are either too high or equity valuations are well above fair value. Investors who can understand which enterprises possess real value and those that do not, will find themselves in an enviable position compared with the broader market.
A Mid-Year Conversation on the Economy | Transcript
The Increasing Need to Reach Deeper Into the Tool Box
We have begun a new regime, where investors will need to do a lot more homework and may find it advantageous to use a mosaic of not only valuation, but also fundamental tools, to help guide the way through this cycle.
Equities Ignore Recession, Profit Risks
With the financial markets sending mixed signals, how can investors make sense of it all? For equity investors, it is of paramount importance to closely monitor the potential effects of increasing financial stresses on earnings expectations.
Markets are Distracted
Rob Almeida warns that headlines are often distractions. It's not that they're not important, it's just that they're a small part of a larger mosaic.
Three Out of Four Ain't Bad | Transcript
Local Currency EMD: Uncovering a New Opportunity Set | Transcript
A Mid-Year Conversation on the Economy | Transcript
Artificial Intelligence: The Next Technological Tectonic Shift? | Transcript
Signs of the Time: Making Sense of a World in Transition | Transcript
Week in Review
US Inflation Stays Stubbornly High
A review of the week’s top global economic and capital markets news.
China’s Q1 GDP strong, but other indicators point to weakness
A review of the week’s top global economic and capital markets news.
Amid Sticky Inflation, Fewer, Later Rate Cuts Expected
A review of the week’s top global economic and capital markets news.
You Can’t Hurry Cuts. You Just Have to Wait.
A review of the week’s top global economic and capital markets news.
US Economy Finished 2023 Strong
A review of the week’s top global economic and capital markets news.
Fed Turns Dovish, BOJ Hikes
A review of the week’s top global economic and capital markets news.
Inflation’s Last Mile Gets Bumpier
A review of the week’s top global economic and capital markets news.
Powell Looks Past Inflation Uptick
A review of the week’s top global economic and capital markets news.
Markets Mark Time Ahead of Big Data Week
A review of the week’s top global economic and capital markets news.
Tech Earnings Rekindle AI Enthusiasm
A review of the week’s top global economic and capital markets news.
Inflation Uptick Dampens US Rate Cut Outlook
A review of the week’s top global economic and capital markets news.
China Intervenes to Support Stocks
A review of the week’s top global economic and capital markets news.
Rate Cut Hopes Dim Amid Strong US Data
A review of the week’s top global economic and capital markets news.
US Economic Growth Beats Expectations
A review of the week’s top global economic and capital markets news.
Market Moderates Rate-Cut Outlook
A review of the week’s top global economic and capital markets news.
Tame US PPI Offsets Hot CPI
A review of the week’s top global economic and capital markets news.
Rate Cut Expectations Trimmed
A review of the week’s top global economic and capital markets news.
Markets Extend Gains Ahead of Holidays
A review of the week’s top global economic and capital markets news.
Powell Ponders Pivot
A review of the week’s top global economic and capital markets news.
Solid US Jobs Report Cools Rate Cut Speculation
A review of the week’s top global economic and capital markets news.
A November to Remember!
A review of the week’s top global economic and capital markets news.
Stocks Extend Nearly Month-Long Rally
A review of the week’s top global economic and capital markets news.
Markets Price a Quicker Fed Pivot
A review of the week’s top global economic and capital markets news.
Market Pulse
Timely insights into the market dynamics on your mind today
Market Pulse
Leveraging the expertise from the MFS Market Insights team to provide timely perspectives on economic and market dynamics that are top of mind for clients.
Market Insights
A summary of MFS' views on equity and fixed income asset classes across countries and regions
Drugs Over Diet: Recent Advances in the Weight Loss Drug Category
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
MFS Digest: January 2024
The MFS Digest summarizes key market themes and topics affecting investors and features related thought leadership from across MFS.
MFS Long-Term Capital Market Expectations: January 2024
The January 2024 edition of MFS' Long-Term Capital Market Expectations includes proprietary expectations that look at return and risk across a variety of asset classes and regions. This version is presented in US Dollar terms and details our market expectations and our view of current economic and capital market conditions.
2024 6 Key Themes
Forward-looking snapshot of what we believe will be relevant and may influence the markets and economy.
Top Risks and Opportunities Beyond the Headlines | Transcript
Dude, Where's My Recession?
MFS Chief Economist provides perspective on the current economy, central bank thinking, and the trajectory of a potential recessionary environment.
Beyond the Headlines: Accelerated Risk and Opportunities for Investors
In this era of volatility, what are the implications for asset allocation and what risk and opportunities sit beyond the headlines? In partnership with Eurasia Group, a geopolitical risk firm that helps clients understand and navigate the changing global landscape, MFS uncovers the major implications on emerging technologies and energy transition.
2023 Mid-Year Outlook
MFS Global Investment Strategist Rob Almeida offers a mid-year perspective on the global equity and fixed income markets.
A New Paradigm for Institutional Investing
Kim Hyland, Head of Global Institutional Relationship Management, and Rob Almeida, Global Investment Strategist, examine current trends affecting institutional investors and explain why the environment ahead will be fundamentally different than the past couple of decades.