Daily Archives: Sep 4, 2019 at 06:45 am EDT

Risk Premia Forecasts: Major Asset Classes | 4 September 2019

The Global Market Index’s risk premium dipped to an annualized 4.6% in today’s revised outlook, based on data through August. The projection markets a modest decline from last month’s analysis. GMI is an unmanaged market-value-weighted portfolio that holds all the major asset classes (except cash). The forecast for this passive benchmark represents the ex ante premium over the expected “risk-free” rate for the long term.

Continue reading

Macro Briefing | 4 Sep 2019

After bashing Bahamas, Hurricane Dorian now lashing Florida’s coast: Reuters
Hong Kong leader to withdraw bill that led to protests: WSJ
UK’s Brexit mess headed for showdown after Parliament vote: CNBC
Gold expected to continue rising as Fed plans to cut rates: Bloomberg
Global Mfg PMI continues to reflect mild contraction in Aug: IHS Markit
Eurozone PMI growth stabilized at slow pace in August: IHS Markit
US construction spending rose in July but 1-year trend still negative: Reuters
US PMI Mfg Index virtually flat in August: IHS Markit
US ISM Mfg Index reflects contraction in August–first decline in 3 years: Bloomberg