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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 | READ21 May 2024The Evolution of the Consumer Staples Sector
In the consumer staples space, clear profit visibility has given way to tech-driven disruption. As a result, separating the winners from the losers requires deep research and an appreciation of nuance.
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.
LISTEN ON
Strategist's Corner | LISTENMay 22, 2024The Evolution of the Consumer Staples Sector | Transcript
Rob Almeida and Genevieve Gilroy, consumer staples sector leader, explore the shifting dynamics in the consumer staples sector in this podcast episode. They also discuss the importance of a collaborative, global research platform in differentiating opportunities across categories.
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 | 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 | READ28 June 2024US Inflation and Consumer Spending Cool
A review of the week’s top global economic and capital markets news.
Week in Review | READ21 June 2024US Budget Deficit Swells
A review of the week’s top global economic and capital markets news.
Week in Review | READ14 June 2024Markets Look Past Cautious Fed
A review of the week’s top global economic and capital markets news.
Week in Review | READ7 June 2024Strong US Employment Data Derail Hopes for Quick Rate Cut
A review of the week’s top global economic and capital markets news.
Week in Review | READ31 May 2024Markets Relieved As US Inflation Meets Expectations
A review of the week’s top global economic and capital markets news.
Week in Review | READ24 May 2024Fed Officials Advise Patience
A review of the week’s top global economic and capital markets news.
Week in Review | READ17 May 2024US Inflation Takes Small Step in Right Direction
A review of the week’s top global economic and capital markets news.
Week in Review | READ10 May 2024Markets Grind Higher, Approach Record Levels
A review of the week’s top global economic and capital markets news.
Week in Review | READ3 May 2024Fed Rate Hike Fears Vanish
A review of the week’s top global economic and capital markets news.
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 | READ2 July 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 | READ31 May 2024Lessons Learned from 100 Years of Investing
With 100 years of investing experience, MFS has the unique ability to provide insight into the lessons we have learned that can help our clients meet their investment objectives.
Market Insight | READ1 May 2024MFS Digest: May 2024
The MFS Digest summarizes key market themes and topics affecting investors and features related thought leadership from across MFS.
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 | 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.
- English
- Investment Professional
- Insights
- Market Insights
Strategist's Corner
Market observations and investment outlook by MFS' Global Investment Strategist Rob Almeida
The Evolution of the Consumer Staples Sector
In the consumer staples space, clear profit visibility has given way to tech-driven disruption. As a result, separating the winners from the losers requires deep research and an appreciation of nuance.
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.
The Evolution of the Consumer Staples Sector | Transcript
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
Signs of the Time: Making Sense of a World in Transition | Transcript
Week in Review
US Inflation and Consumer Spending Cool
A review of the week’s top global economic and capital markets news.
US Budget Deficit Swells
A review of the week’s top global economic and capital markets news.
Markets Look Past Cautious Fed
A review of the week’s top global economic and capital markets news.
Strong US Employment Data Derail Hopes for Quick Rate Cut
A review of the week’s top global economic and capital markets news.
Markets Relieved As US Inflation Meets Expectations
A review of the week’s top global economic and capital markets news.
Fed Officials Advise Patience
A review of the week’s top global economic and capital markets news.
US Inflation Takes Small Step in Right Direction
A review of the week’s top global economic and capital markets news.
Markets Grind Higher, Approach Record Levels
A review of the week’s top global economic and capital markets news.
Fed Rate Hike Fears Vanish
A review of the week’s top global economic and capital markets news.
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
Lessons Learned from 100 Years of Investing
With 100 years of investing experience, MFS has the unique ability to provide insight into the lessons we have learned that can help our clients meet their investment objectives.
MFS Digest: May 2024
The MFS Digest summarizes key market themes and topics affecting investors and features related thought leadership from across MFS.
2024 6 Key Themes
Forward-looking snapshot of what we believe will be relevant and may influence the markets and economy.
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.