Daily Archives: Mar 5, 2019 at 06:30 am EDT

Risk Premia Forecasts: Major Asset Classes | 5 March 2019

The projected risk premium for the Global Market Index (GMI) ticked up in February to an annualized 4.6%, slightly above January’s forecast. Today’s revised estimate for GMI (an unmanaged market-value-weighted portfolio that holds all the major asset classes except cash) reflects the ex ante premium over the projected “risk-free” rate for the long run.
Continue reading

Macro Briefing: 5 March 2019

Trump announces end of US preferential trade treatment for India: Reuters
China lowers 2019 growth target to 6%-6.5%: WSJ
House Democrats are conducting sweeping investigation of Trump world: CNN
Crisis is growing in Canadian Prime Minister’s Trudeau’s government: BBC
Eurozone PMI: sluggish economic growth edged up in February: IHS Markit
Sales of US light trucks and autos fell to 18-month low in January: Argus
10 years ago this week the market hit bottom during the Great Recession: CNBC
US construction spending 1-year growth rate fell to 7-year low in Dec: