The projected long-run risk premium for the Global Market Index (GMI) rebounded in April after slipping below 4% annualized in the previous month. Today’s revised estimate for GMI: 4.3%, which is the index’s long-term projection over the “risk-free” rate. Compared with the outlook a year ago, today’s forecast is modestly lower.
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Pompeo links Covid-19 to Chinese lab but US intel agencies unsure: NY Times
China disputes US claim that Covid-19 came from Wuhan lab: CNN
North and South Korea exchange gunfire across DMZ zone: CNN
Coronavirus claims its first victim among big US retailers–J. Crew: Reuters
Record US unemployment expected in Friday’s jobs report: WSJ
Revised data show Eurozone manufacturing fell at record pace in April: IHS Markit
Atlanta Fed’s GDPNow model’s Q2 nowcast: US economy crashes 16.6%: AF
US ISM Mfg Index fell deeper into recession territory in April: CNBC
US light vehicle sales fell dramatically in April: Haver Analytics