Daily Archives: Feb 2, 2021 at 07:04 am EST

Risk Premia Forecasts: Major Asset Classes | 2 February 2021

The expected risk premium for the Global Market Index (GMI) continues to hold in the mid-5% range. In today’s revision, the long-run projection ticked down to 5.4% for January, slightly below the previous month’s 5.5% estimate. The forecast is a long-term outlook for this multi-asset-class index’s performance over the “risk-free” rate via a risk-based model (details below).

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Macro Briefing: 2 February 2021

* GOP pushes Biden to embrace smaller relief bill
* China’s top diplomat warns US not to cross ‘red line’ on human rights issues
* Mynamar coup complicates Biden’s Asia strategy
* CBO projects that US economic expansion will continue in 2021
* US construction spending rose for a third month in December
* Eurozone economy contracted 0.7% in final quarter of 2020
* US Manufacturing PMI reaches record high in January
* US ISM Manufacturing Index: sector growth slowed in January: